Name the enterprise which is the result of partnership between comapan – InterviewSolution

InterviewSolution

1.	Name the enterprise which is the result of partnership between comapanies. Why do companies join together t work as one enterprise ? Give three reasons.
Answer» Joint venture is the enterprise which is the result of partnership between companies. Companies join together to work as one enterprise because of the following reasons: `1.`Joining hands with another company adds to existing resources and capacity enabling the joint venture company to grow and expand more quickly and efficiently. `2.`It access to new markets and distribution networks. `3.`It access to technology as they do not have to develop their own technology.

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