A joint venture resembles a conglomeration, with a parent company and subsidiaries.

Name: A joint venture resembles a conglomeration, with a parent company and subsidiaries.
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

A joint venture is a business partnership between two or more entities to achieve a specific goal, while a conglomerate is a corporation that consists of multiple subsidiary companies operating in diverse industries. While both involve multiple entities, a joint venture is typically more focused on a specific project or objective.

A Joint Venture Resembles a Conglomeration, with a Parent Company