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*g. 5. What is Joint Venture?Explain its benefits

Answer»

A joint venture is a commercial enterprise undertaken jointly by two or more parties which otherwise retain their distinct identities.

A majorjoint venture advantageis that it can help your business grow faster, increase productivityandgenerate greater profits.Benefitsofjoint venturesinclude: access to new marketsanddistribution networks. increased capacity. sharing of risksandcosts (ie liability)witha partner.



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