A joint venture

A joint venture
【正确答案】：it is an independent business entity founded and owned by two or more partners called parents. The proportions of ownership between the partners may be equal or unequal depending on their respective investments that are mostly in the form of capital but may also be in land, equipment, or intellectual property. As a separate legal entity, the joint venture has a formal organizational structure, making this form of alliance more stable and broader in business scope.