GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Joint Venture
A
a contractual agreement combining two businesses to execute a certain business undertaking
B
agreements between companies or partners to reach objectives of a common interest
C
a licensed property, trademark or concept to another entity by a business owner
D
the money a country owes another country
E
Gross Domestic Product; total market value of all goods and services which are produced within a country during a given period
Explanation: 

Detailed explanation-1: -What Is a Merger? A merger is an agreement that unites two existing companies into one new company. There are several types of mergers and also several reasons why companies complete mergers. Mergers and acquisitions (M&A) are commonly done to expand a company’s reach, expand into new segments, or gain market share.

Detailed explanation-2: -In a joint venture, two or more companies join together to collaborate on a particular project. Through their collaboration, the companies share resources, profits, losses and expenses. The joint venture is a legal entity separate from the companies’ other business interests.

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