smith432
Joined: 24 May 2012
Posts: 347
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 Posted: Wed Sep 13, 2017 4:44 am Post subject: What is a Joint Venture? |
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A joint venture takes place when two parties come together to take on one project. In this type of project, both parties are equally invested in the project in terms of money, time, and effort to build on the original concept. While joint ventures are generally small projects, major corporations also use this method in order to diversify. Working in this way can ensure the success of smaller projects for those that are just starting in the business world or for established corporations. Since the cost of starting new projects is generally high, a joint setup allows both parties to share the burden of the project, as well as the resulting profits.
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