Question

What is joint venture? Explain ​

Answer 1

Overview Of Joint Venture Example. Joint Venture refers to that kind of business which is formed when two businesses combine together and meet their different skill set to achieve a common business objective. ... Joint ventures also create synergies and give the companies cost and benefit advantage.

Answer 2

Answer:

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.

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