Cooperative projects carried out by two or more firms are:
A) joint ventures.
B) output controls.
C) market consortiums.
D) commodity exchanges.

Question

Quizplus · Accepted Answer

Joint ventures are cooperative projects carried out by two or more firms. They involve the creation of a new entity to pursue a specific project or business activity, with each firm contributing capital, resources, expertise, or technology to the venture. Examples include the development of a new product, the exploration of a new market, or the construction of a new facility. Joint ventures are a way for firms to share risks, costs, and profits, while also gaining access to new markets, technologies, or skills.

Cooperative Projects Carried Out by Two or More Firms Are