The most common type of joint venture is:
A) international joint ventures.
B) created for cooperative research.
C) an industry-university agreement.
D) between two or more private sector companies.

Question

Quizplus · Accepted Answer

The most common type of joint venture is between two or more private sector companies. This involves collaboration between businesses from the same or related industries in order to share resources, expertise, and risks, and to achieve mutual benefits such as increased market share or access to new markets. International joint ventures, cooperative research ventures, and industry-university agreements are all less common types of joint ventures that are more specific in their focus and objectives.

The Most Common Type of Joint Venture Is