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Cad Cream Inc

Question 51

Multiple Choice

Cad Cream Inc., an ice cream company, has collaborated with Bite Snack Inc., a food manufacturing company, to come up with a third company, Cream Bite Inc. This new company manufactures energy bars with a variety of flavors. In this context, Cream Bite Inc. is a _____.


A) joint venture
B) global new venture
C) multinational franchise
D) wholly owned affiliate

Correct Answer:

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