Starbucks' Frappuccino is distributed by Pepsi.Nestle and Coca-Cola announced an agreement with Beverage Partners Worldwide through which Coca-Cola will distribute and sell Nestle's Nestea throughout the globe.These are examples of which of the following?
A)Joint venture
B)New-venture division
C)Merger
D)Acquisition
E)Internal venture

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement in which two or more parties agree to pool their resources and expertise for the purpose of achieving a specific goal. In both examples, two companies have formed a partnership to distribute and market a particular product. However, they are working together as equals rather than one company acquiring or merging with the other.

Starbucks' Frappuccino Is Distributed by Pepsi