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23 February, 04:17

Gaggle, Inc. and Microhard, Inc., both large publicly held corporations, form a joint venture to develop a new smartphone operating system. Large corporations like this usually form a joint venture for

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  1. 23 February, 05:19
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    The question is incomplete:

    Gaggle, Inc. and Microhard, Inc., both large publicly held corporations, form a joint venture to develop a new smartphone operating system. Large corporations like this usually form a joint venture for:

    -A single transaction or project

    -A stated duration of not more than one year

    -An implied duration of not more than six months

    -A perpetual existence

    Answer:

    -A single transaction or project

    Explanation:

    A joint venture is an agreement in which two or more companies share their resources to achieve a specific objective but each business stays as an independent entity. According to this, the answer is that large corporations like this usually form a joint venture for a single transaction or project as the companies maintain their independence and agree to work together for a specific goal or task.

    The other options are not right because joint ventures don't have a specifc duration, it depends on the terms establish by the parties and the joint venture will exist for the period of time determined on the agreement.
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