A ____ is created when two or more firms share ownership of a new company.
A)Joint venture
B)Strategic alliance
C)Direct investment
D)Contract

Question

Quizplus · Accepted Answer

A joint venture is a type of partnership where two or more entities come together to form a new company, sharing ownership, control, and profits. This new company operates separately from its parents and allows the partners to achieve a specific objective, such as entering a new market, sharing resources or expertise, or launching a new product or service. Strategic alliances involve collaboration between two or more companies without forming a new entity, while direct investment involves acquiring full or partial ownership of an existing company. A contract is a legal agreement between two parties to exchange goods or services.

A ____ Is Created When Two or More Firms Share