In __________,a company shares costs and risks with another organisation.
A) a joint venture
B) a licensing agreement
C) a franchise
D) a wholly owned foreign affiliate
E) a foreign venture

Question

Quizplus · Accepted Answer

A joint venture is an arrangement in which two or more parties agree to pool their resources and skills for the purpose of accomplishing a specific task. In a joint venture, the parties share the costs and risks associated with the project. This type of partnership is commonly used when a company wants to expand its business into a new market or industry, but lacks the expertise or resources to do so on its own.

In __________,A Company Shares Costs and Risks with Another Organisation