In joint venturing,two or more companies typically agree to
A) merge within twelve months.
B) divide their lists of customers.
C) pool specific resources and capabilities.
D) divide a specific market between the two companies.
E) pool the results of entrepreneurship at each company.

Question

Quizplus · Accepted Answer

Joint venturing involves pooling specific resources and capabilities of two or more companies for a specific project or goal. This allows the companies to benefit from each other's strengths and expertise while sharing the risks and costs of the venture. Merging (A) involves combining two companies into one entity, while dividing customer lists (B) and markets (D) typically result from competitive actions rather than joint ventures. Pooling the results of entrepreneurship (E) is not a common objective of joint venturing.

In Joint Venturing,two or More Companies Typically Agree to