A ________ is a separate company created and owned by two or more independent entities to achieve a common business objective.
A) wholly owned subsidiary
B) joint venture
C) strategic alliance
D) turnkey project

Question

Quizplus · Accepted Answer

A joint venture is a business agreement in which two or more parties agree to pool their resources to achieve a specific goal. The joint venture is a separate company in which each party holds a share of ownership.

A ________ Is a Separate Company Created and Owned by Two