Business Studies, asked by Harleen7981, 1 year ago

What is joint venture? State its features.

Answers

Answered by sourishpati

Explanation:

Salient Features of Joint Venture

Agreement: Two or more firms come to an agreement, to undertake a business, for a definite purpose and are bound by it. Joint Control: There exist a joint control of the co-venturers over business assets, operations, administration and even the venture.

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