What do you understand by Joint Ventures ? Giveits any five features. How is it different fromconsignment ?संयुक्त उपक्रमों से क्या अभिप्राय है? इसकी कोई पाँचविशेषताएँ बताइये। यह प्रेषण से कैसे भिन्न है ? 2,5,3 (20

What do you understand by Joint Ventures ? Giveits any five features.

1.	What do you understand by Joint Ventures ? Giveits any five features. How is it different fromconsignment ?संयुक्त उपक्रमों से क्या अभिप्राय है? इसकी कोई पाँचविशेषताएँ बताइये। यह प्रेषण से कैसे भिन्न है ? 2,5,3 (20
Answer» Joint Venture can be described as a business arrangement, wherein two or more independent firms come together to form a legally independent undertaking, for a stipulated period, to fulfil a specific purpose such as accomplishing a task, activity or project. In other words, it is atemporary partnership, established for a definite purpose, which may or may not uses a specific firm name.