Question

question
which of the following scenarios illustrates the concept of a joint venture?
answer
trident motors, inc., a u.s.-based company, joined forces with icon automobiles, inc., an indian automobile manufacturer, to create a new business that involved shared possession and control.
the employees of pristine breweries ltd., a british company producing alcoholic beverages, and healthy brew, a colorado-based company, jointly worked on a new type of beer filtration system the two firms plan to sell to companies in china.
sunshine hotels, an international chain of full-service hotels, operated the aurora chain of hotels in countries ranging from the united kingdom and germany to bali and beijing.
pristine breweries ltd., a british company producing alcoholic beverages, opened its manufacturing facilities in kenya and thailand.
i dont know yet

Explanation:

A joint venture is a business arrangement where two or more parties create a new business with shared ownership and control.

• First option: Trident Motors (U.S.) and Icon Automobiles (Indian) create a new business with shared possession/control → fits joint venture.
• Second option: Employees from two firms working on a system (not creating a new business entity with shared ownership).
• Third option: Sunshine Hotels operating Aurora chain (likely management or franchise, not joint venture).
• Fourth option: Pristine Breweries opening facilities (foreign direct investment, not joint venture).

Answer:

A. Trident Motors, Inc., a U.S.-based company, joined forces with Icon Automobiles, Inc., an Indian automobile manufacturer, to create a new business that involved shared possession and control.