| Joint Venture |
| The act of forming a partnership in which each party mutually profits. In most cases each partner contributes assets and shares risks involved with the business. In a joint venture the person or persons involved can be individuals, groups, companies or corporations. Joint ventures are commonly used to enter into foreign markets; foreign companies join with domestic companies to form these joint ventures. This is mutually beneficial, foreign companies bring new technologies and business practices while domestic companies bring established relationships and government knowledge. |
|
| |
| |
Untitled Document  | | | | | | OTHER OPTIONS | | | | | | | | | |
|
