Which business device involves the creation of a new business by two or more companies,often for a limited period of time?
A) Multinational enterprise
B) International joint venture
C) Horizontal merger
D) Vertical merger

Question

Quizplus · Accepted Answer

An international joint venture involves two or more companies from different countries coming together to create a new business entity for a limited period of time. This allows the companies to share their resources and expertise to achieve a common goal or explore a new market without the risks and costs of going it alone.

Which Business Device Involves the Creation of a New Business