A joint venture is different from a consortium in that a joint venture:
A. usually operates in a country in which the participants are already present.
B. typically involves a large number of participants.
C. restricts the right to hold an equity position by its major partners.
D. does not involve the creation of a separate legal entity.
E. is formed mainly for executing short-term projects.
Answer: is formed mainly for executing short-term projects.
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Marketing
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