What is a joint venture?
A)Two or more organizations decide to become one organization.
B)Two or more organizations form an alliance in the creation of a new organizational entity.
C)Two or more organizations have members who serve on each other's board of directors.
D)One organization takes control of the sources of another organization's supply and distribution.
E)Two or more organizations form an alliance to compete against other organizations.

Question

Quizplus · Accepted Answer

A joint venture involves two or more organizations coming together to form a new entity, pooling resources to achieve a specific goal, which is distinct from merging into one organization, sharing board members, controlling each other's supply chain, or simply forming an alliance to compete.

What Is a Joint Venture