Answer:a joint venture
Explanation:Joint Venture can be described as a business arrangement, wherein two or more independent firms come together to form a legally independent undertaking, for a stipulated period, to fulfil a specific purpose such as accomplishing a task, activity or project. In other words, it is a temporary partnership, established for a definite purpose, which may or may not uses a specific firm name.
Objectives of Joint Venture:
To enter foreign market and even new or emerging market.
To reduce the risk factor for heavy investment.
To make optimum utilisation of resources.
To gain economies of scale.
To achieve synergy.
Answer:
post-conventional
Explanation:
Post-conventional level of moral development: The term post-conventional is one of the levels of moral development and is considered to be the third level in the theory. The theory of moral development is proposed by one of the famous psychologist named Lawrence Kohlberg.
The post-conventional level is responsible for governing moral behavior through a self-chosen system based on rational ethical principle but not through convention or fear.
In the question above, Max is best classified as being in Kohlberg's post-conventional level of moral development.
