A joint venture is a form of __________ in which each partner invests in and accepts the risks and rewards of the venture.*

Question

Quizplus · Accepted Answer

A strategic global alliance is a type of joint venture where two or more organizations collaborate to achieve strategic goals. Each partner invests in the venture and accepts the associated risks and rewards. Sustainable development refers to using resources in a responsible manner to meet the needs of both present and future generations. A subsidiary is a company controlled by another company. A franchise is a type of business arrangement where a franchisor licenses its trademark and business system to a franchisee in exchange for a fee.

A Joint Venture Is a Form of __________ in Which