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2005.06.07(Review of 2004.05.19 edition)
Today's WordMaster sure beats going it alone!
JOINT VENTURE ジョイントベンチャー、共同事業
- A joint venture is an informal partnership of two or more companies to begin a new business project. Each company shares the initial costs, risks, and potential profits.
- joint venture とは、新しい事業を始めるために2つ以上の企業が非公式に提携することです。各参加企業が初期費用やリスク、そして予測される利益を分け合います。
- A joint venture is often necessary when new business ideas require the expertise of more than one company.
- JustFit has announced it has formed a joint venture with Elast-o-Fit to develop longer-lasting elastic bands.
- The clothing manufacturer was seeking a joint venture with a Japanese firm, since they had no experience in the Japanese market.
- The joint venture between their two companies eventually proved unsuccessful.
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