Question

TrinkCan, a health drink manufacturing company in Belwick, entered into an agreement with KidFlavor, a fruit juice company for kids in Acquardica, to form a new company called ChildPower that produces health drinks for kids. In this scenario, ChildPower is an example of an international _____. a. franchisor b. wholly owned affiliate c. joint venture d. licensor

Answer 1

The correct answer is letter "C": joint venture.

Step-by-step explanation:

Two or more firms in an international joint venture plan to contribute capital and resources to a common project. Developers, producers, and service providers usually get together to form a joint venture. The parties, if successful, split the profits based on the value of their respective contributions to the joint venture.