A leading technology organisation and a prominent semiconductor manufacturer decide to collaborate on the development of a new cutting-edge electronic device. They establish a joint venture, creating a separate entity solely dedicated to this venture and jointly owned by the parent organisations.In the given scenario, what is the PRIMARY objective of forming a joint venture between the buyer and supplier?

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Answer

TO SHARE RISKS AND FINANCIAL INVESTMENTS EQUALLY BETWEEN THE PARENT ORGANISATIONS.

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TO LEVERAGE THE EXPERTISE AND RESOURCES OF BOTH ORGANISATIONS TO ACHIEVE A SPECIFIC PROJECT GOAL.

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TO ENSURE A STABLE AND CONSISTENT SUPPLY OF PRODUCTS AND MATERIALS.

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TO ESTABLISH A LONG-TERM STRATEGIC PARTNERSHIP FOR ALL THEIR FUTURE PROJECTS.

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