Joint Venture

Fleeting

• External reference: https://www.investopedia.com/terms/j/jointventure.asp

two or more businesses decide to combine their resources in order to fulfill an enumerated goal

— https://www.investopedia.com/terms/j/jointventure.asp

can take advantage of the combined resources of both companies to achieve the goal of the venture

— https://www.investopedia.com/terms/j/jointventure.asp

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

— https://www.investopedia.com/terms/j/jointventure.asp

This task can be a new project or any other business activity

— https://www.investopedia.com/terms/j/jointventure.asp

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