Please login to the form below

Not currently logged in
Email:
Password:

Healthcare Glossary

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W |

Joint venture

A business entity formed between two parties in order to undertake a specific economic activity together. Both parties then exercise control over the undertaking and as a result share revenues, expenses and assets. Businesses of any size can use joint ventures to improve long-term relationships or to work jointly on short-term projects. Joint ventures have the advantages of accessing new markets, creating an increased capacity, dividing the business risks and the opportunity to acquire greater resources.

See also:
Market entry
Marketing cost analysis

COMMENT ON THIS DEFINITIONSUGGEST A NEW TERM

COVID-19 Updates and Daily News

Featured jobs

PMHub

Add my company
Anthill Agency

Digital communications agency empowering clients through their digital transformation journey. Whether through training, delivering solutions or devising digital strategies, we...

Infographics