A buyback joint venture is formed when each partner requires the same component in its production process.

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A buyback joint venture is a partnership between two companies that require the same component in their production processes. The companies agree to share the cost of producing the component and then buy it back from each other at an agreed-upon price. This type of joint venture can help to reduce costs and improve efficiency for both companies.

A Buyback Joint Venture Is Formed When Each Partner Requires