A joint venture involves two companies jointly creating a new separate company to enter a new business area.

Name: A joint venture involves two companies jointly creating a new separate company to enter a new business area.
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Quizplus · Accepted Answer

A joint venture is a business arrangement where two or more companies come together to form a new separate company, with shared ownership and control, to undertake a specific business project, often in a new area of business or geographic location.

A Joint Venture Involves Two Companies Jointly Creating a New