answersLogoWhite

0

BHPBilliton is a joint venture with a British Company and an Australian company formed to combine the resources exploration competencies of both companies. Joint ventures are usually formed when two or more companies want to dig stuff out of the ground but cannot afford to do that on their own. Other examples of joint ventures do happen in other industries.

User Avatar

Nannie Keeling

Lvl 13
3y ago

What else can I help you with?

Continue Learning about Natural Sciences

What is joint venture retrenchment?

Joint venture retrenchment refers to the process of reducing or scaling back the operations, investments, or commitments of a joint venture partnership due to various factors, such as financial difficulties, market changes, or strategic realignment. This can involve downsizing workforce, cutting costs, or even dissolving the partnership altogether. The goal is to stabilize the venture's performance and minimize losses while reassessing its viability and future direction. Ultimately, retrenchment aims to enhance the overall efficiency and sustainability of the joint venture.


What is an earn in type joint venture?

An earn-in type joint venture is a partnership arrangement where one party contributes assets, typically in the form of minerals or property, while the other party earns an ownership stake by funding exploration or development activities to meet specified milestone targets. The party earning into the joint venture gradually increases its ownership stake as it meets these milestones, allowing it to share in the benefits of the project's success.


Is a joint venture part of horizontal integration?

No, a joint venture is not necessarily part of horizontal integration. Horizontal integration occurs when a company acquires or merges with competitors in the same industry to increase market share and reduce competition. A joint venture, on the other hand, involves two or more companies collaborating on a specific project or business activity while remaining independent, which can occur across different stages of the supply chain or in different markets.


The cubital joint is an example of what joint?

The cubital joint is an example of a hinge joint. This type of joint allows movement in one plane, like bending and straightening, similar to how the elbow functions.


What is it called when two or more companies work together?

joint venture

Related Questions

Which are the top 10 joint venture companies in the world?

joint venture companies


What is the difference between a joint venture partner and subcontractor?

subcontractor join to main contractor to form joint venture but that venture is not partnership


When was Joint Venture - album - created?

Joint Venture - album - was created on 2005-11-15.


What is buyback joint venture?

joint venture, each partner provides inputs and absorbs outputs


Can you sell your portion and be out of a joint venture?

Possibly. It depends, in part, upon the structure of the venture. For example, in a partnership, you may need unanimous consent of the other partners before offering your portion outside of the partnership itself. If the joint venture is merely a contractual relationship between two companies, the contract will often prevent either member of the joint venture from disposing of its interest without the consent of the other member.


What are the few examples of joint ventures in Kenya?

An example of a joint venture in Kenya is telecommunications jobs being sent to Kenya to reduce the overall overhead of a business.


What is the difference between merger and joint venture?

The Joint Venture is temporary partnering and alliance but Merger is permanently combination.


When was Wahaha Joint Venture Company created?

Wahaha Joint Venture Company was created on 1996-03-28.


Advantages of joint-venture over partnership?

If taxed as a partnership why is a joint venture different. why is it not considered a partnership too Can a member of the joint venture spend whatever they want without consulting the other member


Global One was a joint venture of what companies?

Global One, a joint venture of Deutsche Telekom, France Telecom, and Sprint.


What is an example of a joint venture?

BHPBilliton is a joint venture with a British Company and an Australian company formed to combine the resources exploration competencies of both companies. Joint ventures are usually formed when two or more companies want to dig stuff out of the ground but cannot afford to do that on their own. Other examples of joint ventures do happen in other industries.


Have you ever joined a joint venture with another company before"?

Yes, have you ever partnered with another company in a joint venture before?