Question

Dairy Products, Inc., and Eden Farms Corporation form a joint venture to make and test-market Frosty Ice Cream. If this joint venture is like most joint ventures, it will continue a. for an express duration of not more than one year. b. for a single project only. c. in perpetuity. d. for an implied duration of not more than six months.

Answer 1

Answer:

The answer to this question is b. for a single project only.

Explanation:

A joint venture  is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity.

The joint venture business usually last for the duration of the project it has come together to undertake. After which the individual businesses can go back to its usual operation.

Hence, the answer is b. for a single project only.