In India, Starbucks is collaborating with a local company called Tata in order to expand Starbucks stores throughout the country.

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In India, Starbucks is collaborating with a local company called Tata in order to expand Starbucks stores throughout the country. Together the two companies have formed a new business unit and Starbucks owns 50 percent of this company. This would be an example of a __________________________.

  1. licensing agreement
  2. joint venture
  3. trading partnership
  4. franchising agreement
  5. unlimited partnership

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