What occurs when two or more companies form a temporary partnership or consortium for the purpose of capitalizing on some opportunity?
A)Liquidation
B)A joint venture
C)Retrenchment
D)Divestiture
E)Forward integration

Question

Quizplus · Accepted Answer

When two or more companies form a temporary partnership or consortium for the purpose of capitalizing on some opportunity, it is known as a joint venture. In a joint venture, the companies collaborate and pool their resources (such as money, expertise, and technology) to achieve a common business goal. This allows the companies to share risks and rewards while retaining their independence.

What Occurs When Two or More Companies Form a Temporary