A joint venture is a specific type of ________.
A)licensing agreement
B)franchise
C)foreign subsidiary
D)strategic alliance
E)foreign contracting arrangement

Question

Quizplus · Accepted Answer

A joint venture is a strategic alliance in which two or more organizations create a separate legal entity to pursue a mutually beneficial objective while retaining their separate identities. Licensing agreements involve a company giving permission to another company to use its intellectual property for a fee, while franchises involve a company granting another company the right to use its business model and trademark in exchange for an initial fee and ongoing royalties. Foreign subsidiaries involve a company setting up a subsidiary in a foreign country, while foreign contracting arrangements involve a company hiring a foreign contractor to provide goods or services.

A Joint Venture Is a Specific Type of ________