Question

in industires where international competition is so fieerce and the costs of competing on a global basis are so high that only a few firms have the resources to do it alone, a company may collaborate with other companies to form a ____a. direct investmentb. contract manufacturing dealc. franchised. joint venturee. strategic alliance

Answer 1

Answer:

D) joint venture

Explanation:

A joint venture refers to a situation where two companies will join together to form a third independent entity that operates in a specific market or develops specific products. The companies only work together to form the joint venture, but the rest of their operations remain separate from each other.

By forming a joint venture, both companies can utilize resources more efficiently while remaining separate in other markets.