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JAMB Commerce 2001 Question 7

Question 7

Business Units

A form of ownerhsip which exploits the strength of one partner to remedy the weaknesses of the other is a

  1. A.joint partnership
  2. B.cooperative
  3. C.corporation
  4. D.joint venture.
Show the answer and explanation

Answer: D (joint venture.)

Explanation

In a joint venture two firms combine, each bringing strengths that cover the other's weaknesses.