Joint Venture refers to a contractual, strategic partnership between two or more separate business entities to pursue a business opportunity together.
- A joint venture is a partnership between two or more people that aims to develop one business or project for profit while splitting the associated risks. The joint venture's participants must consist of at least two different natural persons or entities.
- A joint venture is a company founded by two or more people that is typically distinguished by shared ownership, returns and risks, and governance.
- The typical life period of a joint venture is only five to seven years, and the total success rate of alliances is close to 50%.
- The joint venture's participants must consist of at least two different natural persons or entities.
Thus this is the answer.
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Answer:
$24,300
Explanation:
The total economic cost is the cost of doing something or buying an item along with the opportunity cost of doing something else.
Total cost= Monetary cost + Opportunity cost
Opportunity cost is defined as the forgone alternative when an individual performs an action.
In this scenario the monetary cost of the car is the maintenance of gasoline and oil. That is 200+ 100= $300
The opportunity cost is the amount the car would have been sold for, which is the forgone alternative. That is $24,000
Therefore
Total cost= 300+ 24,000
Total cost= $24,300
Answer:
3,600 kilograms
Explanation:
Break even = Total fixed cost / Contribution margin per kg.
Total fixed cost = Plant depreciation + Other plant costs + Corporate salaries + Advertising
= €8,000 + €15,000 + €10,000 + €3,000
= €36,000
Sales commission = Selling price * 5%
= €20 * 5%
= €1 per kg
Variable cost per kg = Direct materials + Direct labor + Variable factory overhead + Sales commission
= €4 + €2 + €3 + €1
= €10 per kg
Contribution margin per kg = Selling price - Variable cost per kg
= €20 - €10
= €10 per kg
Break even = Total fixed cost / Contribution margin per kg.
= €36,000 / €10
= 3,600 kilograms
Answer: Planning.
Explanation:
The management meeting Jack was a part of, where they looked at future challenges and opportunities they could encounter is a management function of Planning. Planning in management involves a company determining their future actions, to ensure they meet their objectives.