Business Studies, asked by PragyaTbia, 1 year ago

Partners in a Joint venture. Answer in a word/phrase/term.

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Answered by Arslankincsem
2

Partners in a Joint venture are formed by shared ownership.

The partners share risks, governance, profits, and losses.

A joint venture company is formed to enter a new market, get scale efficiency by combining operations and assets, share the risks related to investments and also access competencies and skills.

In this way the outperform other ventures by using combined resources in their favor.  

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