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joint venture?

joint venture?

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Answers (2)

Luukasz
5 months ago
A joint venture is a business arrangement in which two or more parties agree to pool their resources to accomplish a specific task. It is not like a partnership agreement because this has a definite end to it as it focuses on a single project or undertaking.
isaaq
5 months ago
Joint Venture is a branch or a subsidiary formed by two companies of same industry or companies from different industries.
They are mainly targeted to en-cash the strengths the both companies are having and to fill the gaps they couldn't cater on their own.
Mostly manufacturing companies/product companies form these kind of collaborations.
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