Joint venture is

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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.

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Joint venture is

Joint venture is

Solution (By Examveda Team)

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