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features of joint venture ​

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Principles and Practice of Accounting > Joint Ventures > Meaning of Joint Ventures and their Features

Joint Ventures

Meaning of Joint Ventures and their Features

There are several occasions when businesses face difficulties like shortage of funds or lack of technological knowledge. This generally happens during the diversification of a product line or entry into a new market. Joint ventures can play a huge role in these situations. Before we understand how joint ventures function, let’s first figure out the meaning of joint ventures.

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