Question

feronda is a printing company in the country of skolindo. feronda wants to enter the country of padolio by establishing a company in which they would develop a new entity and share 50-50 ownership with houdita, a printing company in padolio. this type of business arrangement could be best described as

Answer 1

This type of business arrangement could be best described as Joint Venture.

What is a joint venture ?

A joint venture (JV) can be defined as a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.  Every part of Joint Venture are equally responsible for profits, losses, and costs associated with it. It  can help in business grow faster, increase productivity and generate greater profits.

Types of Joint Ventures :

• Limited co-operation.
• Separate joint venture business.
• Business partnerships.

To know more about Joint Ventures from the given link

https://brainly.com/question/9389546

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