Which of the following is a feature of joint ventures?
A)Sharing of resources
B)Merging of companies
C)Elimination of local partners
D)Absence of formal agreements

Question

Quizplus · Accepted Answer

Sharing of resources is a key feature of joint ventures, where two or more companies come together to collaborate and pool their resources to achieve a common goal. Joint ventures do not necessarily involve a merger or acquisition of one company by another, nor do they eliminate local partners. Joint ventures typically require formal agreements outlining the terms of the collaboration.

Which of the Following Is a Feature of Joint Ventures