If Procter & Gamble and Reckitt & Colman,makers of Lysol,form

question 234

Multiple Choice

If Procter & Gamble and Reckitt & Colman,makers of Lysol,form a partnership to develop and distribute a disinfectant line of laundry detergent,the partnership would be a(n)

• A) corporation.
• B) joint venture.
• C) monopoly.
• D) licensing agreement.
• E) international alliance.

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Definitions:

Catgut

A type of cord previously made from the natural fibers in the intestines of sheep or other animals, commonly used in making strings for musical instruments or surgical sutures.

Derived Demand

The demand for a factor of production or intermediate good that results from the demand for another intermediate or final good.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders.

Venture Capital

Capital provided by investors to startups and small enterprises deemed to possess significant potential for long-term expansion.