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

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