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Business Studies

_____ makes it possible to execute large projects requiring huge capital outlays and manpower.

A
Wholly Owned Subsidiaries
B
Franchising
C
Joint venture
D
Contract manufacturing
Answer & Solution

Joint venture


SOLUTION
Since the joint venture is not a legal entity, it does not enter into contracts, hire employees, or have its own tax liabilities. These activities and obligations are handled through the co-venturers directly and are governed by contract.
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