When two or more firms join together to establish a new enterprise, then it is known as .

MNC

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joint ventures

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public corporation

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Solution

The correct option is B joint ventures
When two or more firms join together to establish a new enterprise, then it is known as a joint venture. The firms in a joint venture continue to have their independent existence, separate from the joint venture enterprise.

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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 it is known as___ .

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

Which type of business enterprise would emerge when two business firms agree to join together to achieve a common purpose and mutual benefit?

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