A joint venture means establishing a firm that is jointly owned by ______________.

100 Independent firms

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only investors

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two or more independent firms

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foreign businessmen

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Solution

The correct option is B two or more independent firms
A joint venture 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.

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A joint venture means establishing a firm that is jointly owned by ______________.

The correct option is B two or more independent firmsA joint venture 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.

The correct option is B two or more independent firms
A joint venture 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.