When two Business undertaking get united in order to share profit and common objective, then it is called : *
a)Company
b)MNCs
c)Joint Venture
d)Partnership
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Answer:
answer is option 3 joint venture
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When two business undertakings get united to share profit and command objectives, then it is called Joint Venture.
- A joint venture is usually done when two companies come together with a common objective with a different skill set for better productivity.
- Their identity will remain distinct from the venture, they will be collaborating with for a common business goal.
- It is also known as a strategic alliance.
The answer is(c) Joint Venture.
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