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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 _____.

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SeoJoon15

Base on this context, Cream Bite Inc., is considered to be a joint venture. A joint venture is considered to be a business entity that occurs when the two or more parties are involved in one business in which they have a share ownership with the business.

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