Question

Tebeau Partners of France and Morimoto Management based in Japan recently produced a new electric car with rechargeable batteries that can be driven at high speeds for long distances. They shared the investment, each contributing important technological expertise to the effort. These firms entered into a(n) ________ to build this car.
(1) multinational cartel
(2) joint venture
(3) multinational limited partnership
(4) industrial countertrade agreement

Answer 1

Answer:(2) joint venture

Explanation:What Is a Joint Venture (JV)?

A joint venture (JV) is a business arrangement in which two or more parties agree to share their resources in order to succeed in a particular project or in any other business tasks.

In a joint venture (JV), both parties have equal responsibility for profits ,losses and costs of the business.

This venture though doesn't involve other interest with which the other partner is engaged