Question

state the essentials features of a joint venture​

Answer 1

Answer:

Features of Joint Venture

#1. Agreement between the parties involved:

#2. Companies create synergy in Joint Venture:

#3. Shared profit and loss:

#4. Shared control:

#5. Shared Expertise and resources:

#6. Limited duration of joint venture:

#7. Use of advanced technology in Joint Venture:

#8. No special firm name: