3
Question
Any two companies joining hands for mutual benefits is known as an _____________.
Any two companies joining hands for mutual benefits is known as an _____________.
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Solution
The correct option is A joint venture
A joint Venture is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Examples of joint ventures include: Vodafone & Telefónica agreed to share their mobile network. BMW and Toyota co-operate on research into hydrogen fuel cells, vehicle electrification and ultra- lightweight materials. West Coast joint venture between Virgin Rail & Stagecoach.
A joint Venture is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Examples of joint ventures include: Vodafone & Telefónica agreed to share their mobile network. BMW and Toyota co-operate on research into hydrogen fuel cells, vehicle electrification and ultra- lightweight materials. West Coast joint venture between Virgin Rail & Stagecoach.
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