Business Studies

Joint ventures can be for long term relationship or short term projects.


ANSWER

True


SOLUTION
The reason for a joint venture is usually some specific project. Joint ventures can be informal (a handshake) or formal, and they can be short term or long term. Often the joint venture creates a separate business entity, to which the owners contribute assets, have equity, and agree on how this entity may be managed.
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TRUE/FALSE Medium Published on 18th 08, 2020
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