BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -In a joint venture (JV), two or more businesses decide to combine their resources in order to fulfill an enumerated goal. They are a partnership in the colloquial sense of the word but can take on any legal structure. A common use of JVs is to partner up with a local business to enter a foreign market.

Detailed explanation-2: -Joint ventures: an overview A joint venture is a combination of two or more parties that seek the development of a single enterprise or project for profit, sharing the risks associated with its development. The parties to the joint venture must be at least a combination of two natural persons or entities.

Detailed explanation-3: -Joint ventures can be: incorporated – eg a company or a limited liability partnership (LLP) unincorporated – eg a partnership, a cooperation agreement or strategic alliance.

Detailed explanation-4: -The reasons behind forming a joint venture include business expansion, development of new products or moving into new markets, particularly overseas. Your business may have strong potential for growth and you may have innovative ideas and products.

Detailed explanation-5: -Noun. [ah-ly-ince] In business, an alliance occurs between two companies that work together on mutually beneficial projects. These agreements are also called strategic alliances, and they usually involve cooperation in the development, creation, marketing, and sale of products or services or other objectives.