A new company financed with funds from two existing firms for the purpose of working together on a project is called a(n) :

A) Standstill firm.
B) Conglomerate.
C) Consolidation.
D) Joint venture.
E) Acquisition.

Joint Venture

Typically, an agreement between firms to create a separate, co-owned entity established to pursue a joint goal.

Existing Firms

Companies or enterprises that have been established and are currently operative in the marketplace.