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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

In your own words, define a joint venture and a syndicate.

Summary Introduction

To determine: Defining a joint venture and a syndicate.

Introduction: A joint venture is a brief business organization between at least two people or an association for profit without framing a lasting organization, company, or different business entity. A syndicate is a gathering of providers or guarantors that meet up to share or take an interest in a particular loan or venture.

Explanation

Joint venture: A joint venture is a contract between at least two gatherings to structure a business entity with a specific end goal to accomplish a particular objective or to work for a particular timeframe...

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