Business Studies, asked by akneha90, 1 month ago

assuming that you are the business man start what benefits do you enjoy by entering into joint venture big answer​

Answers

Answered by kaaviyashree1221
35

Answer:Benefits of joint ventures are :

1.Reduces competition : When two companies join together, it results in reducing the competition as instead of wasting resources in competition they will strengthen their organisation.

2.Reduces risk : High risk involved in new and innovative ventures can be reduced when two companies join together to share the risk.

3.Advanced technology : By joining hands with foreign companies, Indian companies can get the benefit of advanced technology.

4.Large capital : In joint ventures, two companies together contribute capital. As a result, large capital can be arranged without much difficulty.

5.Reduction in cost: When two firms join together, they can operate on a large scale and get the benefit of economies of scale hence reduces cost of production and marketing.

Explanation: hope it will useful for you

Similar questions