Question

When two or more independent firms establish a new firm together, it is an example of? a joint venture. a wholly owned subsidiary. licensing. franchising. an acquisition.

Answer 1

When two or more independent firms establish a new firm together, it is an example of  a joint venture.

A strategic allowance are cooperative strategies between firms that combine their resources and capabilities in order to create a competitive advantage. One major advantage of joint venture strategic alliance is the transfer of tacit knowledge.

A corporation that does worldwide business might profit from a joint venture. Many of the advantages of foreign joint ventures include the possibility to gain additional training and knowledge, as well as the ability to engage into related business or new international regions based on geographical, as well as the acquisition of new technology and knowledge.

Learn about joint venture:

brainly.com/question/27848066

#SPJ4