hey what is joint venture.? explain it briefly! !!
Answers
Answer:
A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. ... However, the venture is its own entity, separate from the participants' other business interests
Answer:
when two or more organizations join hands together for creating synergy and gain a mutual competitive advantage, the new entity is called a Joint Venture.
It can be a private company, public company or even a foreign company.
The major joint ventures in India were done in sectors like insurance, banking, commercial transport vehicles, etc.
A joint venture is entered between two or more parties to extract the qualities of each other.