In Canada, two automobile companies have entered into a ____ to create CAMI Automotive. One firm's management runs the plant, which makes the other's cars. The agreement gives one access to the other's dealers to sell its brand of vehicles.
A)licensing agreement
B)subsidiary arrangement
C)cooperative contract
D)exporting agency
E)joint venture

Question

Quizplus · Accepted Answer

A joint venture involves two or more companies coming together to undertake a specific project, sharing resources and management, which aligns with the description of CAMI Automotive.

In Canada, Two Automobile Companies Have Entered into a ____