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Joint Venture
d) A 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.
a) This task can be a new project or any other business activity.
b) However, the venture is its own entity, separate from the participants' other business interests.
c) In a JV, each of the participants is responsible for profits, losses, and costs associated with it.
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