2. Joint venture
It is a business combination and is
used extensively in international
business. Here, two or more
companies from a temporary
partnership for a special purpose.
3. Definition
Joint venture are special case of
consolidation where two or more
companies form a temporary
partnership (also called as
consortium) for a special purpose
4. Features of Joint Venture
Comprehensive concept
Coming together of two companies
Facilitates inflow of capital and
technology
Benefits both partners
Facilitate industrial growth
Government approval necessary