Question

A joint venture can also be a result of agreement between two companies in two different countries.

• A. True
• B. False

Answer 1

The correct option is A True

A joint venture is a strategic alliance where two or more parties, usually businesses, form a partnership to share markets, intellectual property, assets, knowledge, and, of course, profits. A joint venture differs from a merger in the sense that there is no transfer of ownership in the deal.