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(b) Joint venture 5 + 5 = 10 Marks(200 – 250 words each)s

June 14, 2013 By: Meliza Category: 1st SEM

Answer : A joint venture (JV) is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets. There are other types of companies such as JV limited by guarantee, joint ventures limited by guarantee with partners holding shares.

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