What is the relevance of Joint Ventures in today’s business envi...
What is the relevance of Joint Ventures | Class 11 Business Studies Chapter Private, Public and Global Enterprises, Private, Public and Global Enterprises NCERT Solutions
Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter Private, Public and Global Enterprises. This page offers a step-by-step solution to the specific question from Exercise 2: Extra Questions, Question 7: .
With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.
Question 7:
What is the relevance of Joint Ventures in today’s business environment? Explain with examples.
Answer:
Joint ventures have gained relevance due to:
Risk Sharing: Partners share financial and operational risks.
Access to Resources: Combining resources like technology and expertise enhances efficiency.
Market Expansion: Partners leverage each other’s market reach to enter new regions.
Legal and Regulatory Advantages: Collaborating with local firms helps in navigating legal and cultural challenges.
Examples:
Maruti Suzuki: A successful collaboration between Maruti (India) and Suzuki (Japan).
Tata Starbucks: Partnership between Tata Group and Starbucks for the Indian market.
Joint ventures are particularly significant for entering competitive global markets or sectors requiring high investment.
NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:
Read the question carefully and focus on the core concept being asked.
Reference examples and data from the chapter when answering questions about Private, Public and Global Enterprises.
Review previous year question papers to get an idea of how such questions may be framed in exams.
Practice answering questions within the time limit to improve your speed and accuracy.
Discuss your answers with your teachers or peers to get feedback and improve your understanding.
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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 7: What is the relevance of Joint Ventures in today’s business environment? Explain with examples....
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