An entrepreneur buying an existing business is called a joint venture, because two companies are coming together to form one.

Name: An entrepreneur buying an existing business is called a joint venture, because two companies are coming together to form one.
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Question

Quizplus · Accepted Answer

A joint venture involves two or more parties collaborating on a specific project or business activity, whereas buying an existing business is an acquisition, not a joint venture.

An Entrepreneur Buying an Existing Business Is Called a Joint