English, asked by mahendrasinghsaharan, 1 year ago

plz tell the meaning of venture in this answer

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Answered by thebananaboy

Joint Venture is a business activity that two different companies undertake together but not in a permanent but a temporary manner for a fixed period of time, when that particular task for which the venture was set up is completed - they leave the partnership and become independent.

Example: Mumbai Metro was a joint venture between MMRDA and Reliance Infrastructure Pvt. Ltd.

thebananaboy: Joint Ventures are usually undertaken to complete projects, and not establish organizations as they are efficient, quick and more quality oriented.

thebananaboy: If the above helps you, kindly mark me as Brainliest for this answer so that it keeps me motivated to do this throughout my time as a Brainly user.

mahendrasinghsaharan: okay dear

mahendrasinghsaharan: thanks

mahendrasinghsaharan: lt had helped me that's why I have marked your answer as brainliest answer ☑️☑️

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