A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. ... However, the venture is its own entity, separate from the participants' other business interests.
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WHAT IS JOINT VENTURE?
A joint venture is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
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Answer:
A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. ... However, the venture is its own entity, separate from the participants' other business interests.
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