The definition of a joint venture company is one
A) in which two people or more own the firm jointly.
B) where ownership by local and distant investors in share ownership of a franchise.
C) where ownership is by investors of foreign firms.
D) in which foreign inventors join with local investors where they share ownerships and control.
E) where foreign investors join with others to own the firm.

Question

Quizplus · Accepted Answer

A joint venture company is a business entity created by two or more parties, often foreign and local investors, who share ownership and control. Option D states this definition more accurately than the other options.

The Definition of a Joint Venture Company Is One