Home › CBSE Class 11 (Commerce) › Business Studies › International Business › A firm jointly owned by two or more independent …
A firm jointly owned by two or more independent firms is a what?
AFranchise
BJoint venture
CBranch office
DHolding trust
Answer & Solution
Correct answer: B. Joint venture
Establishing a firm jointly owned by otherwise independent firms is the definition of a joint venture.
Related questions
Which is one of two macro factors driving globalization?Two firms pooling resources to form a separate jointly owned entity create what?What is the business practice of licensing a business model to another company?Compared with domestic trade, international trade is typically what?The exchange of capital, goods and services across borders is called what?What are documents called that do not comply with the terms of a letter of credit?Which payment tool gives an exporter a guarantee from a creditworthy bank?Mercantilists believed that accumulating what made a country wealthier?