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When two businesses agree to join for a common purpose and mutual benefit, what arises?
AA joint venture
BA hostile merger
CA forced takeover
DA price monopoly
Answer & Solution
Correct answer: A. A joint venture
Joining together for a common purpose and mutual benefit gives rise to a joint venture.
Related questions
The private sector in India includes which of these forms?What role does the private partner play in a PPP?In a PPP, the government typically contributes what?Which partners make up a Public Private Partnership?In India, joint venture companies incorporated here are treated how?An Indian firm in a joint venture with a known foreign brand saves on what?A joint venture must be based on a signed document of what kind?Which business forms may an equity joint venture take?