Question

Which of the following is the best explanation of a joint venture?

• A. A general business partnership.
• B. The merging of two or more businesses to pursue a business venture.
• C. A partnership of businesses formed to engage in a short term business venture together.
• D. A group of two or more persons or entities that come together on a temporary basis to pursue a joint business activity for profit.

Answer 1

The correct option is B

The merging of two or more businesses to pursue a business venture.

Joint venture is the merging of two or more businesses to pursue a business venture.