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Question
_______ often enable growth without having to borrow funds or look for outside investors.
_______ often enable growth without having to borrow funds or look for outside investors.
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Solution
The correct option is B Joint ventures
A Joint Venture is a kind of business arrangement, wherein two or more firms come together to work on the same project, to fulfill a specific purpose such as accomplishing a task or project. In this venture sometimes there is no requirement to borrow funds from outsiders. The following are the features of Joint Venture: 1. Two or more firms come to an agreement. 2. Firms pool their resources like capital, manpower, technical know-how 3. To share of profit and loss 4. To make optimum utilization of resources.Thus the correct answer is B.
A Joint Venture is a kind of business arrangement, wherein two or more firms come together to work on the same project, to fulfill a specific purpose such as accomplishing a task or project. In this venture sometimes there is no requirement to borrow funds from outsiders. The following are the features of Joint Venture:
1. Two or more firms come to an agreement.
2. Firms pool their resources like capital, manpower, technical know-how
3. To share of profit and loss
4. To make optimum utilization of resources.
Thus the correct answer is B.
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