Q750
Joint venture is
A.
Not jointly owned by
B.
Jointly owned by two or more firms
AnswerC.
Acquired by firm
D.
It is licensing
Answer: Option B
Solution
Answer: Option B
Solution:
Joint venture is jointly owned by two or more firms. 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. This task can be a new project or any other business activity.