CBSE · Class 11 · Business Studies · Private, Public and Global EnterprisesJoint ventures are formed when two or more firms agree to join together for:
Step-by-Step Solution
Joint ventures are formed when two or more independent firms pool their resources and expertise to achieve a specific business objective or project, sharing risks and rewards.
Detailed Options Breakdown
Option : Permanent liquidation
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Private, Public and Global Enterprises.
Option 1: A mutual business objective (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Tax evasion
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Private, Public and Global Enterprises.
Option 3: Monopoly creation
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Private, Public and Global Enterprises.
💡 Study Guide: This question tests core syllabus concepts from Private, Public and Global Enterprises. For formulas, key summaries, and mock exam reference guides, read the full Private, Public and Global Enterprises Revision Notes.