A joint venture is a separate entity created with two or more active firms as sponsors.

Name: A joint venture is a separate entity created with two or more active firms as sponsors.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A joint venture is a type of partnership that involves two or more companies working together on a shared project for a short period of time. It is a separate legal entity created with active participation from each sponsor, and it operates with a specific purpose and timeline.

A Joint Venture Is a Separate Entity Created with Two