Explain different forms of Joint Ventures. – InterviewSolution

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1.

Explain different forms of Joint Ventures.

Answer»

A joint venture refers to establishing a firm which is jointly owned by two or more independent firms.

It can be entered into three ways:

1. A foreign investor may buy interest in a local company

2. Local firm may acquire an interest in an existing foreign firm.

3. Both local and foreign firms jointly establish a new enterprise.

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