Question

if pepsi and a turkish firm established a jointly owned entity for the purpose of bottling soft drinks in turkey, that would be an example of a: a. turnkey project b. joint venture c. wholly owned subsidiary d. merger e. franchise clear my choice

Explanation:

A joint venture is a business arrangement where two or more parties create a jointly - owned entity. Here, Pepsi and a Turkish firm are creating a jointly owned entity for bottling soft drinks, which fits the definition of a joint venture. A turnkey project is a contract under which a firm agrees to fully design, construct and equip a facility and turn it over to the purchaser when it is ready for operation. A wholly - owned subsidiary is an enterprise in which 100% of the equity is owned by another company. A merger is the combination of two or more companies into a single entity. A franchise is an arrangement where a franchisor grants the right to a franchisee to operate a business using its brand name, products, and business model.

Answer:

B. joint venture