Asked by Gbeho Rodrigue on Jun 27, 2024
Verified
Delish Inc., an American convenience food company, formed a new company called Sapid in collaboration with Alpha Foods Inc., an Indian food and beverages company as part of its global expansion strategy. The purpose of this collaboration was to develop breakfast cereals that would specifically target the needs of Indian consumers. Given this information, it can be said that Sapid is a _____.
A) turnkey project
B) franchisee
C) joint venture
D) subsidiary
Joint Venture
A strategic alliance between two or more parties to undertake economic activity together.
Global Expansion Strategy
A plan implemented by businesses to increase their presence in various international markets.
- Determine the various pathways for penetrating international markets.
Verified Answer
KL
Kevin LeonardJul 02, 2024
Final Answer :
C
Explanation :
Sapid is a joint venture because it is a new company formed through the collaboration of Delish Inc. and Alpha Foods Inc. to achieve a specific purpose.
Learning Objectives
- Determine the various pathways for penetrating international markets.
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