Joint ventures can be successful if the partners share the same goal and one partner accepts primary responsibility for operational matters.

Question

Quizplus · Accepted Answer

Joint ventures involve two or more partners working together to achieve a common goal. For a joint venture to be successful, it is essential that the partners have a shared vision and goals. Additionally, it is often necessary for one partner to take primary responsibility for operational matters, such as day-to-day management, to ensure that the joint venture runs smoothly.

Joint Ventures Can Be Successful If the Partners Share the Same