Question

Define a joint venture. Discuss their merits and demerits.

30 Nov 2023
Answer :
Word Count : 430

A joint venture (JV) is a strategic alliance between two or more entities, typically companies or organizations, pooling resources and expertise to pursue a specific project or business activity while retaining their individual identities and ownership. JVs are formed for various purposes, including entering new markets, sharing risks, accessing technology, or leveraging complementary skills.

### Merits of Joint Ventures:

1. Risk Sharing: Partners in a JV share financial and operational risks, ____ ______ ______ _____ ___ ___ _________ _____ ________ __________.
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