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Verdich [7]
3 years ago
5

A group of cotton growers in North Georgia and North Alabama pooled their resources to build a cotton gin and storage area for t

he ginned cotton. They marketed their cotton to textile mills under one label. This collective ownership organization is a:________
a. Franchise
b. Joint venture
c. Common market partnership
d. Cooperative
e. C corporation
Business
1 answer:
GaryK [48]3 years ago
5 0

Answer:

The correct answer is letter "B": Joint venture.

Explanation:

In a Joint Venture, two or more businesses agree to contribute to capital and resources for a common project. Usually, developers, manufacturers, and service providers agree to form a joint venture. If successful, those parties split the profit based on the value of their respective contribution to the joint venture.

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Intent, used as a short form for intention, can be defined as the commitment of an individual to do certain action in present or in future period.

7 0
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Nataly_w [17]

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3 years ago
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Answer:

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Explanation:

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WITCHER [35]

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