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Finance is such a subject which deals with vast number of topics. If you are student of finance you will surely have to go through topics on Joint Venture. There are different parts of venture, but understanding the concept of joint venture is pretty tough. But myhomeworkhelp.com is one such organisation that is going to make this topic much easier for you through their Joint Venture/Partnering Assignment Help service. Joint venture can both be beneficial and non- beneficial for a firm. In the assignment you will have to explain both.
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What is joint venture?
It is the process of making a business agreement where two or more firms accumulate their resources and joins together to complete a specific goal. Today all over the world there are more than 100 of companies who have make such an agreement and are quiet successful in doing so.
Benefits of joint venture
- It gives greater access to technology.
- Increases the capacity of a firm.
- Whatever will be the risk and costs will be shared the partners.
- Greater access to new market and distributions
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Certain flaws of joint venturing
Though joint venture has many benefits but like every other thing it also has certain disadvantages.
- Poor understanding and co operation between firms.
- Objectives and goals might collide with each other.
- Often the goals and objective are not quite clear as there are two firms working under different situations.
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