Question

Why is Joint Venture useful?

Answer 1

Joint ventures and partnering. Ajoint venture involves two or more businesses pooling their resources and expertise to achieve a particular goal. ... The reasons behind forming a joint venture include business expansion, development of new products or moving into new markets, particularly overseas.

Answer 2

Uses of Joint Venture

An organization gets into a joint adventure since it comes up short on the necessary information, human capital, innovation, or access to a particular advertise that is important to be fruitful in seeking after the task without anyone else. Meeting up with another business manages each gathering access to the assets of the other, taking an interest organization without spending inordinate measures of money to get it.

The making of another item or conveyance of another help conveys a lot of hazards for a business, and numerous organizations are not ready to deal with that hazard alone.