The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a?
Answer Details
The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a joint venture. Joint ventures are business partnerships between two or more parties, usually companies or corporations, that come together for a specific purpose, such as a new project or venture, and then disband after the purpose has been fulfilled or the project has been completed. Joint ventures can help businesses to pool resources, share risks and costs, and gain access to new markets, technology, or expertise.