Which term refers to a market entry strategy involving two or more firms creating a new entity, allowing the partners to pool their resources for common goals? a. direct investment b. joint venture c. licensing agreement d. exporting e. franchise agreement

B. Joint venture.

Explanation:

Joint venture is a type of business in which two or more persons or organizations under certain agreements pools resources together to start a business, or project. Such business is characterized by shared returns, governance, risks, and ownership.

A good example is between BMW and Toyota in which they operate a joint venture in carrying out research on vehicle electrification, hydrogen fuel cells, and ultra lightweight materials for car production.

Characteristics of Joint venture includes:

•It creates synergy between all parties involved.

•Risk and rewards are shared between all involved parties.

•There are no separate laws that guides them.

i don't know to be honest but you on your own

step-by-step explanation:

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explanation:

there is no universally accepted definition of art. although commonly used to describe something of beauty, or a skill which produces an aesthetic result, there is no clear line in principle between (say) a unique piece of handmade sculpture, and a mass-produced but visually attractive item. we might say that art requires thought - some kind of creative impulse - but this raises more questions: for example, how much thought is required? if someone flings paint at a canvas, hoping by this action to create a work of art, does the result automatically constitute art?