Define joint venture. – InterviewSolution

InterviewSolution

1.	Define joint venture.
Answer» A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity.

Discussion

No Comment Found

Related InterviewSolutions

A government company is any company in which the paid - up capital held the government is not less thanA. 49 per centB. 51 per centC. 50 per centD. 25 per cent
Define joint venture.
Explain the features of a government company.
In 2005 Mahindra & Mahindra had an agreement with Renault ,a French car manufacturing company to produce and commercialize Logan . It is a `51 : 49` partnership between Mahindra & Mahindra and Renault . The Loagan plant at Nasik has a capacity to produce 50, 000 units per year . the main aim of the two companies t is to produce no - frills Loagan car with classifying features at an aggressive price & launch them exclusively for Indian market . Renault wanted to increase the global car sales by 800, 000 by year 2009 & they believed that this figure could be a achieved by investing in Indian market . What kind of arrangement is between the two companies? Define it .
Explain the features of joint venture.
Disinvestment of PSFs impliesA. Sale of equity private sector / publicB. Closing down operationsC. Investing in new areaD. Buying shares of PSEs
State the varous types of organisation in the private sector.
Partnership between any two firms is called as :A. Joint SectorB. Joint VentureC. PPPD. Partnership Firm
Partnership between private sector firm and a public sector is called :A. Join VentureB. PPPC. PartnershipD. Public Corporation
What term is used for sale of shares to private/ public sector ?