A joint venture is a specific type of __________.
A) licensing agreement
B) franchise
C) foreign subsidiary
D) strategic alliance
E) export agreement

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement in which two or more companies come together to form a new entity to pursue a specific project or objective. This new entity is usually owned and operated by the contributing companies in a shared manner, but may also involve outside investors. A joint venture is a type of strategic alliance, which refers to any cooperative relationship between two or more firms that involves sharing resources, capabilities and/or risks. Unlike other forms of alliances, however, a joint venture involves the creation of a separate legal entity that is jointly owned by the participating companies.

A Joint Venture Is a Specific Type of __________