Companies may have several reasons for creating joint ventures. which of the following statements is one reason why firms may decide to form a joint venture? they may wish to contract manufacture with each other. these arrangements are always less risky than strategic alliances. these arrangements avoid the temptation to tap into marketing and management expertise of the parent companies. they will save time to market if they pool their technological know-how.

The correct answer is letter "D": They will save time to market if they pool their technological know-how.

Explanation:

In a Joint Venture, two or more businesses agree to contribute capital (labor and knowledge) and resources (money and infrastructure) to fasten the development process of a common project. Typically, developers, manufacturers, and service providers come together to form a joint venture and if successful, they share the profits based on their respective contributions to the joint venture.

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