AT&T and British Telecom,two of the largest communications companies in the world,allied to create a company called Concerts to investigate the profitability of providing telecommunications services for multinational companies.Concerts is an example of which of the following?
A) a general partnership
B) a cooperative
C) a limited-time partnership
D) a joint venture

Question

Quizplus · Accepted Answer

Concerts is a joint venture, which is a type of partnership where two or more companies pool resources and expertise for a specific project or business venture. In this case, AT&T and British Telecom created Concerts to explore the potential profitability of offering telecommunications services to multinational companies.

AT&T and British Telecom,two of the Largest Communications Companies in the World,allied