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09-09-2022
Business

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To reduce the risks from vertical integration, firms may choose to develop some form of formal collaboration known as:_________

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rafikiedu02 rafikiedu02

13-09-2022

'To reduce the risks from vertical integration, firms may choose to develop some form of formal collaboration known as a joint venture.

A joint venture is a business entity formed by two or more parties and is generally characterized by common ownership, common returns and risks, and common control.

A joint venture is an association of two or more parties who seek to develop a single business or project for profit and to share the risks associated with its development. A party to a joint venture must at least be a combination of two individuals or entities.

A joint venture (abbreviated JV) is a type of business agreement in which two or more parties agree to combine resources to accomplish a specific task, a new project or business activity. is. All participants in this venture are responsible for profits and losses.

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