Joint venture is NOT used to achieve which of the following purposes:
A)strengthening the firm's existing business
B)taking the firm's existing products into new markets
C)obtaining new products that can be sold in the firm's existing markets
D)controlling the business of the partners

Question

Quizplus · Accepted Answer

Joint venture is a partnership between two or more companies for a specific project or period of time. The purpose of joint venture is not to control the business of the partners, but to achieve one of the following goals: strengthen the firm's existing business, take the firm's existing products into new markets, or obtain new products that can be sold in the firm's existing markets. Therefore, option D is not a purpose of a joint venture.

Joint Venture Is NOT Used to Achieve Which of the Following