• 4 Marks

BMF – Nov 2021 – L1 – SB – Q2D – Business and Organizational Structures and Choices

Question about stating four characteristics of a joint venture.

State FOUR characteristics of a joint venture

  1. Two or more parties collaborate to achieve a specific goal.
  2. The parties share resources, including capital, skills, and expertise.
  3. The profits and losses are shared according to the agreement.
  4. The venture is usually for a limited duration or purpose.
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