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Joint Ventures (JV)
A specific form of strategic alliance where two or more companies create a new entity to enter a market, sharing risks and rewards.
Implications
(Same as Joint Venture (JV) above) A collaborative arrangement between two or more companies to undertake a specific project or business activity, with each party contributing resources and sharing the risks and rewards.
Example
Example: Two pharmaceutical companies establish a joint venture to co-develop and market a new drug, pooling their R&D capabilities and sharing the costs and profits of the product.
Related Terms
Same as above.
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