what is joint venture and explain examples
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Purpose of a Joint Venture
One party provides the product expertise, the other provides the means for production. Additionally, joint ventures provide a way for companies to enter foreign markets. For example, a foreign company enters into a joint venture with a U.S. company for sale of its product.
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A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. ... However, the venture is its own entity, separate from the participants' other business interests
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