Question

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as:
a. Contract manufacturing b. Franchising c. Joint venture d. Licensing

Answer 1

Answer:

When two or more firms come together to create a new business entity that is legally separate and distinct from its parents it is known as JOINT VENTURE  

Among the given option option (c) JOINT VENTURE  is a correct answer.

Explanation:

Large products requiring huge capital outlays can easily be executed under joint ventures. Joint ventures involve capital contribution by global partners also. Hence it is easier for international firm to expand globally.

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Here are some more questions from this chapter :  

In which of the following modes of entry, does the domestic manufacturer give the right to use intellectual property, such as patent and trademark to a manufacturer in a foreign country for a fee:  

a. Licensing b. Contract manufacturing c. Joint venture d. Public Private Partnership

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