Question

In the current external business environment, which of the following is true? a. Companies are more adversarial than ever before. b. Mergers are declining. c. Joint ventures are on the rise. d. The business environment is static. e. Corporate culture defines success.

Answer 1

C.

Step-by-step explanation:

Joint Venture is a contractual arrangement whereby two or more parties undertake an economic activity that is subject to join control.

In simple terms, when two or more business entities come together to achieve a common purpose.

An equity joint venture is a contractual, strategic partnership between two or more separate business entities to pursue a business opportunity together. The partners in an equity joint venture each contribute capital and resources in exchange for an equity stake and share in any resulting profits.