The development of new drugs is very expensive.For this reason Genentech,a large biotechnical company,has entered into a business arrangement with Swiss-owned Roche to develop a vaccine for tuberculosis.When the vaccine is developed or when the two biotechnical companies determine the vaccine cannot be developed using their current methodology,this relationship will dissolve.What type of relationship is it?
A) a joint venture
B) a general partnership
C) a cooperative
D) a limited-time partnership

Question

Quizplus · Accepted Answer

This is a joint venture, as it involves two companies collaborating on a specific project with the intention to dissolve the relationship once the project is completed or deemed unfeasible.

The Development of New Drugs Is Very Expensive