A partnership between companies formed for a specific undertaking is called a joint venture.

Name: A partnership between companies formed for a specific undertaking is called a joint venture.
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A joint venture is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. Each of the participants is responsible for profits, losses, and costs associated with the venture.

A Partnership Between Companies Formed for a Specific Undertaking Is