when two or more companies come together to expand their business operations in a newly created entity
a ) joint venture
b) acquisition
c) consolidation
d) merger
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Common business terminology
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Joint Venture. A joint venture (JV) is a commercial enterprise in which two or more organizations combine their resources to gain a tactical and strategic edge in the market. Companies. Depending on a company's goals and the industry often enter into a joint venture to pursue specific projects.
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