Question

The main reasons for a starting a joint venture are _____________.

• A. expansion of business
• B. development of new products
• C. moving into new markets
• D. all of the above

Answer 1

The correct option is D all of the above

A joint venture is an arrangement in which two or more companies or parties join forces to engage in a specific business activity. The most common reasons for businesses to decide to enter into a joint venture include gaining access to new markets, increasing market power, and sharing resources.