Question

What do you mean by Joint Venture?

Answer 1

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=> Joint sector ventures refer to the establishment of industries or commercial set up jointly by Government and private sectors.

=> Both the parties are equally responsible for the profit and losses of the new set up.

=> Maruti Udyog Limited is an example of joint sector venture in India.

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Answer 2

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JOINT VENTURE :-

- When two or more firms join together for a common purpose and mutual benefit, it is known as Joint Venture.

For ex:-

Maruti with Suzuki