BST H.

W
1) In a joint venture, two or more independent companies
join forces to work together on a certain project or
enterprise. Here are three of the main benefits that joint
ventures have to offer. Obtaining Knowledge and Resources:
Common Knowledge and Proficiency Every partner in a joint
venture contributes their unique set of skills and abilities.
This makes it possible for the business to gain from a wider
range of expertise and skill sets. For instance, if one partner
is good at product development and the other in marketing,
they might combine their skills to create a more thorough
strategy. Resource Combination: Financial and other
resources are frequently pooled in joint ventures. This may
result in a larger initial capital commitment for the
project.Through partnerships, they can expand into new
markets or industries, distributing their risk across several
businesses and lessening their reliance on a single business
line or geographical area. Gaining Entry into Novel Markets
and Prospects, Market Expansion: Partnerships frequently
give access to areas or markets that one partner might not
have been able to reach on their own. Due to the fact that
local partners may offer insightful information on the
subtleties of a foreign market, this can be very advantageous
for international expansion. Novel Business Prospects,
Working together in a joint venture can lead to fresh
business prospects that might not have been obvious when
going it alone. Synergies and complementary offerings can
be found by partners, which may result in the creation of
novel goods or services.
2)In terms of ownership, governance, financial disclosure,
and their capacity to acquire money from the public, private
and public corporations are not the same. The primary ways
that each differ from the others are as follows.
(Private)--Personal Organization, Ownership: A small
number of shareholders, frequently the founders, their
families, or a certain group of investors, own private firms.
Usually, ownership is not accessible to the general public.
governing Executive executives and a board of directors
typically oversee private companies. These people
frequently have a direct hand in the day-to-day activities of
the business.
(Public)--Possession, Shares of public firms can be freely
traded on public stock markets, and they have a large
number of shareholders. Everyone is able to purchase
shares, and ownership is accessible to all.governing
Executive officers and the board of directors oversee public
companies. Although they choose the board of directors,
shareholders usually do not directly participate in the day-
to-day management of the business.