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What is the relevance of Joint Ventures in today’s business envi...

What is the relevance of Joint Ventures | Class 11 Business Studies Chapter Private, Public and Global Enterprises, Private, Public and Global Enterprises NCERT Solutions

Question:

What is the relevance of Joint Ventures in today’s business environment? Explain with examples.

Answer:

Joint ventures have gained relevance due to:
- Risk Sharing: Partners share financial and operational risks.
- Access to Resources: Combining resources like technology and expertise enhances efficiency.
- Market Expansion: Partners leverage each other’s market reach to enter new regions.
- Legal and Regulatory Advantages: Collaborating with local firms helps in navigating legal and cultural challenges.
Examples:
- Maruti Suzuki: A successful collaboration between Maruti (India) and Suzuki (Japan).
- Tata Starbucks: Partnership between Tata Group and Starbucks for the Indian market.
Joint ventures are particularly significant for entering competitive global markets or sectors requiring high investment.

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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 7: What is the relevance of Joint Ventures in today’s business environment? Explain with examples....

What is the relevance of Joint Ventures | Class 11 Business Studies Chapter Private, Public and Global Enterprises, Private, Public and Global Enterprises NCERT Solutions

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