a risk-reducing method of market entry in which two firms combine forces to manufacture or market a product; a method of entry into a foreign market in which a firm joins with an overseas company to establish a partnership for the production and marketing of its product abroad.
an international business collaboration between foreigh interests and private parties from a host country in which two or more parties establish a new business enterprise to which each contributes and where ownership and control are shared
DEFINITION OF JOINT VENTURE
A contractual agreement joining together two or more parties for the purpose of executing a particular businessundertaking. All parties agree to share in the profits and losses of the enterprise.
TYPES OF JOINT VENTURE
co-operate with another business in a limited and specific way
A merger occurs when two companies combine to form a single company. A merger is very similar to an acquisition or takeover, except that in the case of a merger existing stockholders of both companies involved retain a shared interest in the new corporation. By contrast, in an acquisition one company purchases a bulk of a second company's stock, creating an uneven balance of ownership in the new combined company.
DEFINITION OF MERGER
A Merger may be defined as the combination of two or more independent business corporations into a single enterprise, usually involving the absorption of one or more firms by a dominant firm.