A joint venture may be:
A)a corporate entity formed between an international firm and local owners.
B)a corporate entity formed between two or more international firms.
C)a corporate undertaking between two or more firms of a limited-duration project.
D)a non-profit entity formed between an international firm and local owners.
E)corporate entity formed between an international firm and local owners,formed between two or more international firms,or may be an undertaking between two or more firms of a limited-duration project.

Question

Quizplus · Accepted Answer

A joint venture can be formed between an international firm and local owners, between two or more international firms, or it can be an undertaking between two or more firms for a limited-duration project. These options for forming a joint venture offer companies the opportunity to share resources, risks, and rewards while allowing them to access new markets, technology, and skills.

A Joint Venture May Be