A ________ is an arrangement in which two or more business entities combine their resources to pursue a single project or transaction.

Question

Quizplus · Accepted Answer

A joint venture is an arrangement in which two or more business entities combine their resources to pursue a single project or transaction. A limited partnership involves two or more partners where at least one of them has limited liability and is not involved in the day-to-day management of the business. A license agreement grants permission to another party to use a company's intellectual property for a fee. A franchise involves a franchisor granting permission to a franchisee to use its business model and brand for a fee.

A ________ Is an Arrangement in Which Two or More