Only not-for-profit organizations form joint ventures.

Name: Only not-for-profit organizations form joint ventures.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Both for-profit and not-for-profit organizations can form joint ventures. A joint venture is a business co-ownership agreement between two or more separate legal entities. The purpose of forming a joint venture is to leverage expertise, assets, and resources to pursue a specific business opportunity while sharing risks and costs.

Only Not-For-Profit Organizations Form Joint Ventures