A ________ is a separate entity that involves a partnership between two or more active participants.
A) merger
B) franchise
C) joint venture
D) leveraged buyout

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement between two or more active participants who agree to pool their expertise, resources, and capital for a specific project or task. It is a separate entity that operates for a limited period and often dissolved once the objective is achieved. Joint ventures are common in industries such as technology, real estate, and energy where companies can benefit from sharing resources and reducing risks.

A ________ Is a Separate Entity That Involves a Partnership