At its simplest level,a joint venture may be thought of as a(n)
A) merger of two companies.
B) acquisition of a smaller company by a larger company.
C) form of strategic outsourcing.
D) sign of weakness on the part of one of the companies.
E) corporate partnership.

Question

Quizplus · Accepted Answer

A joint venture is a corporate partnership between two or more companies. It is a business arrangement where two or more parties combine their resources and expertise to achieve a specific goal or complete a specific project. Unlike a merger or acquisition, each company in a joint venture remains an independent entity. Joint ventures are also not necessarily a sign of weakness but can be a strategic choice to leverage the strengths of each party involved.

At Its Simplest Level,a Joint Venture May Be Thought of as A(n)