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Joint-venture participants are:

a) Uninvolved in a particular enterprise
b) Detrimental to business contacts
c) Partners cooperating in a particular enterprise
d) Competitors in joint ventures

User RexSplode
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1 Answer

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Final answer:

Joint-venture participants are partners who cooperate in a particular enterprise, pooling resources for a specific business purpose.

Step-by-step explanation:

Joint-venture participants are c) Partners cooperating in a particular enterprise. Just like in a general partnership, where two or more individuals come together to own and run a business, a joint venture involves two or more entities (which can be individuals, businesses, or a combination of both) coming together for a specific business purpose or project. The essence of a joint venture is collaboration and the pooling of resources to achieve a common goal, which is different from being competitors. Each participant in a joint venture contributes assets, shares risks, and shares the benefits of the partnership.

User Danaley
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