Discuss the purpose of a joint venture and syndicate.
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Discuss the purpose of a joint venture and syndicate.
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Two additional forms of business ownershipthe joint venture and a syndicateare used by their owners to meet special needs A joint venture is formed when two or more groups form a business entity in order to achieve a specific goal or to operate for a specific period of time Once the goal is reached the period of time elapses or the project is completed the joint venture is dissolved A syndicate is a temporary association of individuals or firms organized to perform a specific task that requires large amounts of capital Like a joint venture a ...View the full answer
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Related Book For
Foundations Of Business
ISBN: 9780357717943
7th Edition
Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor
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