Which business device involves the creation of a new business by two or more companies often for a limited period of time ?
Correct answer: B. international joint venture
- A. multinational corporation
- B. international joint venture
- C. horizontal merger
- D. vertical merger
Explanation
An international joint venture is a newly created business owned by two or more companies, often formed for a particular project or a limited period. A merger combines existing firms rather than creating this type of shared venture.
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