A joint venture allows companies to pay a fee plus a percentage of the profits in return for using a company’s name and assistance with management, marketing, and the training of managers and nonmanagement employees. True or false?.

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13-09-2022
Business

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A joint venture allows companies to pay a fee plus a percentage of the profits in return for using a company’s name and assistance with management, marketing, and the training of managers and nonmanagement employees. True or false?.

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Tundexi Tundexi · Answer 1 · 2022-09-16T12:46:50+02:00

It is a false statement that joint venture allows companies to pay a fee plus a percentage of the profits in return for using a company’s name and assistance with management, marketing and the training of managers and nonmanagement employees.

What is a joint venture?

Basically, as a form of ownership, the joint venture refers to a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task

In conclusion, rather, a franchising is the process that allows companies to pay a fee plus a percentage of the profits in return for using a company’s name and assistance with management, marketing and the training of managers and non-management employees.