When Two or More Firms Agree to Work Together and Create

question 60

Multiple Choice

When two or more firms agree to work together and create a joint owned firm to promote mutual interest, ________ has occurred.

• A) an acquisition
• B) a joint venture
• C) a licensing agreement
• D) a franchise agreement

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Definitions:

Project Objectives

Specific, measurable, achievable, relevant, and time-bound goals that are set to guide the completion of a project.

Essential Elements

Fundamental components or aspects that are crucial for the existence or functioning of something.

Optional Elements

Supplementary components that are not necessary for the essential function of a system or process but can enhance its effectiveness or user experience.

Budget

An estimate of income and expenditure for a set period of time.