A joint venture typically relates to the carrying out of a single enterprise or transaction.

Question

Quizplus · Accepted Answer

A joint venture is a business arrangement in which two or more parties agree to pool their resources for the purpose of carrying out a specific project or business activity. It is usually a temporary partnership in which the parties agree to share profits, risks, and losses. Joint ventures are often used to enter into new markets, gain access to new technology, or share expertise and resources to complete a specific project.

A Joint Venture Typically Relates to the Carrying Out of a Single