A joint venture is one in which 2, or sometimes more, independent companies agree to combine resources in order to achieve a specific objective, usually limited in scope.

Name: A joint venture is one in which 2, or sometimes more, independent companies agree to combine resources in order to achieve a specific objective, usually limited in scope.
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Question

Quizplus · Accepted Answer

A joint venture involves two or more independent companies collaborating to achieve a specific goal, often with a limited scope and duration.

A Joint Venture Is One in Which 2, or Sometimes