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softcorp and techgig, upcoming software companies in san diego, have decided to create a new and independent telecommunications company, st-source. each parent firm has agreed to have 50 percent equity in the new company. this is an example of a(n)

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This is an example of an joint venture.

What is meant by joint venture?

  • A joint venture consists of two or more parties working together to develop a single business or project for profit while splitting the related risks.
  • A minimum of two natural persons or legal organizations must make up the parties to the joint venture.
  • An agreement between two or more parties to pool their resources for the purpose of carrying out a certain job is known as a joint venture (JV).
  • This work could be a brand-new project or any other commercial endeavor.
  • Profits, losses, and costs incurred by a JV are shared equally by all members.
  • A joint venture is when two or more companies combine their resources and knowledge to work toward a common objective.

To learn more about joint venture refer to:

https://brainly.com/question/9389546

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