What is the main idea behind a joint venture?
A)co-ownership of a company by two local entities
B)ownership of a company by both a foreign entity and a local entity
C)joint ownership of a company by two foreign entities
D)ownership of a land property by two local entities

Question

Quizplus · Accepted Answer

A joint venture involves two parties, typically one foreign entity and one local entity, coming together to form a new company or pursue a specific project together. Therefore, option B accurately reflects the main idea behind a joint venture.

What Is the Main Idea Behind a Joint Venture