ENTREPRENEURSHIP

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: -A joint venture involves two or more persons or entities joining together for a particular project. A partnership is described as a relationship which exists between people carrying on a business, with a common view of making a profit. It also includes incorporated limited partnerships.

Detailed explanation-3: -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-4: -An international joint venture is often described as the joining together of two or more business partners from separate jurisdictions to exchange resources, share risks and divide rewards from a joint enterprise.

Detailed explanation-5: -tie-up. noun. an agreement between two or more companies or organizations to become business partners.