The business organization established mainly for the purpose of carrying out specific assignments for a specific duration is a?

Assessment: JAMB UTME - Commerce - 2003 Subject: Commerce

Question 1 Report

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.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning