Joint Venture means _______.

joining up of two or more companies for specific objectives

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

co-existence of Private Company and Government Company

No worries! We‘ve got your back. Try BYJU‘S free classes today!

co-existence of traditional society and modern society

No worries! We‘ve got your back. Try BYJU‘S free classes today!

co-existence of firm and industry

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B joining up of two or more companies for specific objectives
A joint venture is a temporary business association between two or more persons or organizations for profit without forming a permanent partnership, corporation, or other business entity. Members of the joint venture maintain their independence.

Suggest Corrections

Similar questions

A dual economy means:

1. the existence of black money and white money
2. the existence of commercial agriculture with subsistence farming
3. modern industry and commercial agriculture co-existing with subsistence farming and traditional handicrafts

Q. A dual economy means:
1. the existence of black money and white money JJ. the existence of agriculture and industry
2. the existence of commercial agriculture with subsistence farming
3. modern industry and commercial agriculture co-existing with subsistence farming and traditional handicrafts

Q. When two or more existing companies combine, together to form a new company, it is ____________.

Q. Mention the upper and lower limits of membership of:
(a) Joint Hindu Undivided Family
(b) A private limited company
(c) A consumer's cooperative society
(d) A public limited company listed under NSE

Q. What kind of a relationship exists between the school and the society?

Join BYJU'S Learning Program