A ________ is a separate company created and jointly 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 type of partnership where two or more businesses or organizations create a separate legal entity to achieve a common goal or undertake a specific project. In a joint venture, each participant is responsible for profits, losses, and costs associated with the company or project.

A ________ Is a Separate Company Created and Jointly Owned