A joint venture may be:
A) a corporate entity formed between an international firm and local owners.
B) a corporate entity formed between two or more international firms.
C) a corporate undertaking between two or more firms of a limited-duration project.
D) two of the above.
E) all of A, B, and C.

Question

Quizplus · Accepted Answer

A joint venture can indeed be a corporate entity formed between an international firm and local owners, between two or more international firms, or a corporate undertaking between two or more firms for a limited-duration project. These definitions encompass the broad range of partnerships that can be considered joint ventures.

A Joint Venture May Be