Question

The Japan-based multinational Sony engaged in __________ when it partnered with Shanghai Oriental Pearl Group. Together, the two companies would make and market PlayStation consoles and games in China.

Answer 1

The correct word for the blank space is: a joint venture.

Step-by-step explanation:

In a joint venture, two or more businesses agree to contribute to capital and resources for a common project. Usually, developers, manufacturing companies, and service providers agree to produce a good. If successful, those parties split the profits based on the value of their respective contribution to the joint venture.