Asked by Claire Roberts on Jun 22, 2024
Verified
Provide a definition of a joint venture.
Joint Venture
A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.
- Decode the fundamental components of corporate restructuring and the definitions of associated terms, like spin-off, merger, joint venture, synergy, divestiture, split-up, equity carve-out, amalgamation, and strategic alliance.
Verified Answer
SC
Sivakumar ChellapanJun 25, 2024
Final Answer :
An agreement between firms to create a separate, co-owned entity established to pursue a joint goal.
Learning Objectives
- Decode the fundamental components of corporate restructuring and the definitions of associated terms, like spin-off, merger, joint venture, synergy, divestiture, split-up, equity carve-out, amalgamation, and strategic alliance.