Allured Architecture collaborated with Maze & Matiz to form a new architecture firm called AllureAmaze Inc.Both the firms had a significant equity stake in the new entity.This collaboration is an example of _____.
A) licensing
B) a joint venture
C) outsourcing
D) contract manufacturing

Question

Quizplus · Accepted Answer

A joint venture involves two or more firms coming together to form a new entity with shared ownership and control. This is what happened with Allured Architecture and Maze & Matiz forming AllureAmaze Inc.

Allured Architecture Collaborated with Maze & Matiz to Form a New