The business organization established mainly for the purpose of carrying out specific assignment for a specific duration is a
Answer Details
A Joint Venture is a business organization established mainly for the purpose of carrying out a specific assignment for a specific duration. It is a type of partnership in which two or more companies come together to work on a project or to offer a service. The companies involved in a joint venture share the profits and losses and work together towards a common goal. The joint venture is usually formed for a limited period of time and is dissolved after the project is completed.