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Public Sector, Private Sector and Global Enterprises — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMPublic Sector, Private Sector and Global Enterprises1 Mark
Question
What is called joint enterprise ?
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Answer

When business units for mutual interest and their protection are merged (integrated) is known as joint enterprise. Such type of joint enterprise may be privately owned or owned by government or global enterprise.

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