Which of the following resembles a joint venture?

Question

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A joint venture is a business arrangement in which two or more parties agree to pool their resources and expertise to achieve a specific goal. This is similar to a partnership, where two or more individuals form a business entity together. A conglomerate is a corporation consisting of several different businesses that operate in multiple industries. A merged company is the result of two previously separate companies coming together to form a single entity. A franchise is a business model where one party (the franchisor) licenses its brand and business system to another party (the franchisee) in exchange for a fee. None of these options closely resemble a joint venture.

Which of the Following Resembles a Joint Venture