When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as___ .

Contract manufacturing

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Franchising

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Joint Ventures

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Licensing

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Solution

The correct option is C
Joint Ventures

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as a joint venture.

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Similar questions

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents is known as

(a) Contract manufacturing

(b) Franchising

(d) Licensing

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