In Canada, two automobile companies have entered into a__________ to create CAMI Automotive. One firm's management runs the plant, which makes the other's cars. The agreement gives one access to the other's dealers
A) licensing agreement
B) subsidiary arrangement
C) cooperative contract
D) exporting agency
E) joint venture

Question

Quizplus · Accepted Answer

A joint venture involves two existing firms pooling resources to launch and support a third independent venture.

In Canada, Two Automobile Companies Have Entered into A__________ to Create