Question

Tebeau Partners of France and Morimoto Management based in Japan recently produced a new electric car with rechargeable batteries that can be driven at high speeds for long distances. They shared the investment, each contributing important technological expertise to the effort. These firms entered into a(n) ________ to build this car.

Answer 1

Joint Venture

Step-by-step explanation:

• A joint venture attempted mutually by at least two gatherings which generally hold their unmistakable personalities.
• A joint adventure is a vital union where at least two gatherings, normally organizations, structure an association to share markets, licensed innovation, resources, learning, and, obviously, benefits. A joint adventure varies from a merger as in there is no exchange of proprietorship in the arrangement.

• Advantages of Joint Venture:

1. Access to new markets and dispersion systems.
2. Expanded limit.
3. Sharing of dangers and costs (i.e., obligation) with an accomplice.
4. Access to more prominent assets, including specific staff, innovation and money.