MEANING AND FEATURES OF JOINT VENTURE FOR CLASS XI :-

 Meaning of Joint Venture- When two or more firms join together to establish a new enterprise then it is known as Joint Venture.

For instance, Maruti Suzuki India Ltd., 

            Uninor Vistara Airlines.

Features Of Joint Venture-

 • When two companies join together it results in reducing the competition.

 • High risk can be reduced when two companies join together to share the risk.

 • By joining hands with foreign company Indian companies can get the benefits of advanced technology.

 • In joint venture two companies together contribute capital.

 • Joint venture reduce cost of production and marketing by operating on a large scale.