A new company ﬁnanced with funds from two existing ﬁrms for the purpose of working together on a project is called a(n):
A) Standstill ﬁrm.
B) Conglomerate.
C) Consolidation.
D) Joint venture.
E) Acquisition.

Question

Quizplus · Accepted Answer

A joint venture is a new company that is created by two or more existing firms for the purpose of working together on a specific project. They pool their resources and expertise to achieve a common goal.

A New Company ﬁNanced with Funds from Two Existing ﬁRms