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Joint venture in simple

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Joint venture in simple

Posted by Sharad Jaiswal 5 years, 3 months ago

CBSE > Class 11 > Business Studies

3 answers

Gaurav Seth 5 years, 3 months ago

(1)Two or more individuals or enterprises, either private or government, owned or a foreign company joining together through participation in equity capital for achieving a common target and mutual benefit is known as joint venture.
(2)Joint venture involves pooling of resources and expertise as well as sharing of risks and rewards by these enterprises.
(3)These enterprises agree to join together for the expansion of business, development of new products or for penetrating into new foreign markets.
(4)Joint ventures are formed either for long-term projects or for short-term projects.
(5)The basic purpose of joint ventures is to attain a strong position for both the enterprises.

Pooja Sahoo 5 years, 3 months ago

When two or more independent firms together make a new firm by contributing capital.Ex-maruti suzuki

Pooja Sahoo 5 years, 3 months ago

Joint venture means collebration of two enterprises

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