Answer:
provide greater control of proprietary technology
Step-by-step explanation:
- A joint venture is a business made by two or more parties and has a shared ownership along with the risks. Companies make JV as to access new markets and particulate the emerging markets, gain scale differences in operations, share risks for major projects, to access skills and capabilities.
- Most of them are incorporated as the oil and gas industry. Combining temporary partnership and some examples include the Dow corning, Sony Ericsson. They can contract its own name, acquire rights as the right to buy new companies.