joint venture
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joint venture definition - business
joint venture
A business undertaken by two or more individuals or companies in an effort to share risk and use differences in expertise. For example, oil companies often enter into joint ventures on particularly expensive projects carrying a high risk of failure. See also consortium.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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MLA Style
"joint venture." Business. 2009
- Your Dictionary. 5 July 2009
- <www.yourdictionary.com/business/joint-venture>
APA Style
joint venture. (2009). In Business
- Retrieved July 5th, 2009, from www.yourdictionary.com/business/joint-venture
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