Joint ventures are best suited for projects that
A) are small in size.
B) each company could undertake by itself.
C) are routine in nature.
D) neither company could do on its own.
E) none of these.

Question

Quizplus · Accepted Answer

Joint ventures are typically formed when two companies come together to accomplish a project that neither could do on its own. This could be due to lack of expertise, resources, or both. Joint ventures are often used for larger scale, complex projects that require the strengths of both companies to be successful. Small projects that each company could undertake individually or routine projects are typically not suited for joint ventures.

Joint Ventures Are Best Suited for Projects That