A ________ is an entity created when two or more firms pool a portion of their resources to create a separate, jointly owned organization.
A) strategic venture
B) strategic alliance
C) tactical venture
D) acquisition venture
E) joint venture

Question

Quizplus · Accepted Answer

A joint venture is an entity created when two or more firms pool a portion of their resources to create a separate, jointly owned organization. A strategic venture and strategic alliance are similar concepts but do not necessarily involve the creation of a separate entity. A tactical venture is not a commonly used term in the context of business partnerships. An acquisition venture implies one firm acquiring another, which is not the case in a joint venture.

A ________ Is an Entity Created When Two or More