Class 11 Business Studies - Chapter Private, Public and Global Enterprises NCERT Solutions | What are the features of a Joint Venture

Welcome to the NCERT Solutions for Class 11th Business Studies - Chapter Private, Public and Global Enterprises. This page offers a step-by-step solution to the specific question from Extra Questions, Question 2: what are the features of a joint venture....
Question 2

What are the features of a Joint Venture?

Answer

A joint venture involves two or more parties collaborating to achieve specific business goals, sharing risks, profits, and losses. It is based on mutual agreement and typically has a limited timeframe.

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