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garri49 [273]
3 years ago
5

When a company invests in a foreign firm, and holds active ownership of the firm, then the company is said to be in a joint vent

ure with the foreign firm. T/F
Business
1 answer:
Irina18 [472]3 years ago
8 0

Answer: TRUE

Explanation: JOINT VENTURE is a business agreement whereby two or more entities share the ownership, expense, return on investments, profit, control etc. To gain a positive synergy from their competitors.

It can between private entity, public entity or a foreign entity.

It allows risk and return associated to an investment or business to be shared among the parties as agreed

It can be for a long or short period of time

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