Joint venture is
A. Not jointly owned by
B. Jointly owned by two or more firms
C. Acquired by firm
D. It is licensing
Answer: Option B
Solution (By Examveda Team)
Joint venture is jointly owned by two or more firms. A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity.This Question Belongs to Management >> International Finance And Treasury
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