Business Studies

Any two companies joining hands for mutual benefits is known as an _____________. 


Answer & Solution

joint venture


SOLUTION
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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Single Correct Medium Published on 18th 08, 2020
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