(i) a partnership between companies in different lines of business is called what?
Answers
An organization is a game plan where parties, known as accomplices, consent to collaborate to propel their common advantages. The accomplices in an association might be people, organizations, intrigue based associations, schools, governments or blends.
> Associations may accomplice to improve the probability of each accomplishing their main goal and to enhance their range. An association may bring about issuing and holding value or might be just represented by an agreement.
Joint venture.
A Joint Venture (JV) is a formal cooperative enterprise that can be entered into by two or more businesses for a specific purpose of a specific project or any other business activity.
The reason for making a joint venture is usually some specific objective. Joint ventures can be formal or informal.
They can be for a long term or for short term.
Generally, a joint venture may create a separate business formation in which owners may contribute assets and have equal or unequal equity.