Answer:
A) Joint Venture
Explanation:
Based on the scenario being described within the question it can be said that in this context, Cream Bite Inc. is a Joint Venture. This is a business term that refers to an arrangement between two parties in which both combine their resources in order to meet an agreed upon goal in a more efficient manner and in a much smaller time-frame than if they were to do it separately.
Answer: Joint venture
Explanation:
A joint venture (JV) is a business arrangement whereby two or more businesses or organizations agree to pool their resources together for the purpose of accomplishing and achieving a specific goal. The task to be achieved can either be a business activity or a new project.
The benefits of a joint venture are shared investment because each firm contributes a certain amount of capital. Joint venture can also lead to new market penetration, revenue streams and enhances credibility.
