SoftCorp and TechGig,upcoming software companies in San Diego,have decided to create a new and independent telecommunications company,ST-source.Each parent firm has agreed to have 50 percent equity in the new company.This is an example of a(n)________.
A) e-business
B) subsidiary
C) franchise
D) joint venture

Question

Quizplus · Accepted Answer

This scenario describes a joint venture, where two or more companies come together to create a new business entity. In this case, SoftCorp and TechGig are collaborating to launch ST-source with equal ownership.

SoftCorp and TechGig,upcoming Software Companies in San Diego,have Decided to Create