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now we understood about the global enterprises now let us see what is this dome joint venture see you would have seen a lot of joint ventures happening nowadays what is a joint venture this is nothing but basically when two companies to get or come and form a new company what is the reason they would be doing so the reason is there would be a variety of reasons the first and foremost reason is obviously to increase their business profits how let us understand first let us see what is a joint venture see any business organization if it desires it can join hands with another organization so just as I said when two companies come together they get into an agreement and they would form a new company so this is always done for the reason of mutual benefit okay so joint venture comes into existence because two companies decide to use the resources and use the technologies which they have and then they will benefit each other because of this venture in a mutual basis okay examples Maruti Suz