The term _________ refers to a cooperative agreement between potential or actual competitors.

Question

Quizplus · Accepted Answer

A joint venture is an agreement between competitors to work together on a specific project or business venture. This type of partnership allows companies to pool their resources and knowledge to achieve a common goal, such as entering a new market or developing a new product. It differs from a tactical union, which is a short-term collaboration, and a political affiliation or economic association, which are typically formed between countries or regions.

The Term _________ Refers to a Cooperative Agreement Between Potential