Review:
Joint Ventures
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Joint ventures are business agreements between two or more parties to work together on a specific project or venture, sharing risks, investments, and profits.
Key Features
- Shared ownership
- Risk-sharing
- Resource pooling
- Access to new markets or technologies
Pros
- Access to new markets
- Sharing resources and expertise
- Reduced financial burden
Cons
- Potential conflicts between partners
- Sharing profits