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Direction: Read the following text and answer the questions that follow:
To pool resources and expertise of Tech Top Computer Ltd. India, Shizuka Computers Ltd. of Japan has signed an agreement with Tech Top Computers Ltd. to form a new business entity Techzuka Computer Ltd. in India. Both the business parties have subscribed the shares of new company in agreed ratio. The new venture has proved to be in interest of both the companies. Such an alliance has enabled both the companies to take advantage of new opportunities by pooling their resources. Tech Top Computers Ltd. is benefitted by cheap and abundant raw material of India, learning professional management practices, and technically qualified workforce of Shizuka Computers Ltd. Tech Top Computers Ltd. is able to find markets both in India as well as Japan because their products are innovative, and available at competitive rates.
Q. Identify the kind of business enterprise formed by Shizuka Computers Ltd. and Tech Top Computers Ltd.
  • a)
    Cooperative Society
  • b)
    Partnership
  • c)
    Joint Venture
  • d)
    MNC
Correct answer is option 'C'. Can you explain this answer?
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Direction: Read the following text and answer the questions that foll...
The kind of business enterprise formed by Shizuka Computers Ltd. and Tech Top Computers Ltd. is Joint Venture.
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Understanding the Business Enterprise Type
The collaboration between Shizuka Computers Ltd. and Tech Top Computers Ltd. results in the formation of a joint venture, specifically Techzuka Computer Ltd. This classification is based on several key characteristics of their partnership.
Definition of a Joint Venture
- A joint venture is a business arrangement where two or more parties collaborate to undertake a specific project or business activity, sharing resources, risks, and profits.
Key Characteristics of the Joint Venture
- Pooling Resources: Both companies bring together their resources and expertise to establish the new entity, Techzuka Computer Ltd., which is a hallmark of joint ventures.
- Shared Ownership: The agreement indicates that both parties have subscribed to shares in the new company, sharing ownership in an agreed ratio.
- Collaborative Objectives: The venture aims to leverage the strengths of both companies—Tech Top’s access to raw materials and Shizuka’s professional management and technology.
Advantages of the Joint Venture
- Market Expansion: The alliance allows both companies to explore markets in India and Japan, enhancing their market reach.
- Cost Efficiency: By combining resources, both firms benefit from reduced costs and increased efficiency, particularly through the availability of cheaper materials and skilled labor.
- Innovation and Competition: The joint venture allows both companies to offer innovative products at competitive rates, enhancing their position in the market.
In summary, the agreement to form Techzuka Computer Ltd. exemplifies the characteristics and benefits of a joint venture, making option 'C' the correct choice.
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Direction: Read the following text and answer the questions that follow:To pool resources and expertise of Tech Top Computer Ltd. India, Shizuka Computers Ltd. of Japan has signed an agreement with Tech Top Computers Ltd. to form a new business entity Techzuka Computer Ltd. in India. Both the business parties have subscribed the shares of new company in agreed ratio. The new venture has proved to be in interest of both the companies. Such an alliance has enabled both the companies to take advantage of new opportunities by pooling their resources. Tech Top Computers Ltd. is benefitted by cheap and abundant raw material of India, learning professional management practices, and technically qualified workforce of Shizuka Computers Ltd. Tech Top Computers Ltd. is able to find markets both in India as well as Japan because their products are innovative, and available at competitive rates.‘Both the business parties have subscribed the Shares of the new company in agreed ratio’Q. The type of business venture formed is ______venture.

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Direction: Read the following text and answer the questions that follow:To pool resources and expertise of Tech Top Computer Ltd. India, Shizuka Computers Ltd. of Japan has signed an agreement with Tech Top Computers Ltd. to form a new business entity Techzuka Computer Ltd. in India. Both the business parties have subscribed the shares of new company in agreed ratio. The new venture has proved to be in interest of both the companies. Such an alliance has enabled both the companies to take advantage of new opportunities by pooling their resources. Tech Top Computers Ltd. is benefitted by cheap and abundant raw material of India, learning professional management practices, and technically qualified workforce of Shizuka Computers Ltd. Tech Top Computers Ltd. is able to find markets both in India as well as Japan because their products are innovative, and available at competitive rates.Q. Identify the kind of business enterprise formed by Shizuka Computers Ltd. and Tech Top Computers Ltd.a)Cooperative Societyb)Partnershipc)Joint Ventured)MNCCorrect answer is option 'C'. Can you explain this answer?
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Direction: Read the following text and answer the questions that follow:To pool resources and expertise of Tech Top Computer Ltd. India, Shizuka Computers Ltd. of Japan has signed an agreement with Tech Top Computers Ltd. to form a new business entity Techzuka Computer Ltd. in India. Both the business parties have subscribed the shares of new company in agreed ratio. The new venture has proved to be in interest of both the companies. Such an alliance has enabled both the companies to take advantage of new opportunities by pooling their resources. Tech Top Computers Ltd. is benefitted by cheap and abundant raw material of India, learning professional management practices, and technically qualified workforce of Shizuka Computers Ltd. Tech Top Computers Ltd. is able to find markets both in India as well as Japan because their products are innovative, and available at competitive rates.Q. Identify the kind of business enterprise formed by Shizuka Computers Ltd. and Tech Top Computers Ltd.a)Cooperative Societyb)Partnershipc)Joint Ventured)MNCCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: Read the following text and answer the questions that follow:To pool resources and expertise of Tech Top Computer Ltd. India, Shizuka Computers Ltd. of Japan has signed an agreement with Tech Top Computers Ltd. to form a new business entity Techzuka Computer Ltd. in India. Both the business parties have subscribed the shares of new company in agreed ratio. The new venture has proved to be in interest of both the companies. Such an alliance has enabled both the companies to take advantage of new opportunities by pooling their resources. Tech Top Computers Ltd. is benefitted by cheap and abundant raw material of India, learning professional management practices, and technically qualified workforce of Shizuka Computers Ltd. Tech Top Computers Ltd. is able to find markets both in India as well as Japan because their products are innovative, and available at competitive rates.Q. Identify the kind of business enterprise formed by Shizuka Computers Ltd. and Tech Top Computers Ltd.a)Cooperative Societyb)Partnershipc)Joint Ventured)MNCCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the following text and answer the questions that follow:To pool resources and expertise of Tech Top Computer Ltd. India, Shizuka Computers Ltd. of Japan has signed an agreement with Tech Top Computers Ltd. to form a new business entity Techzuka Computer Ltd. in India. Both the business parties have subscribed the shares of new company in agreed ratio. The new venture has proved to be in interest of both the companies. Such an alliance has enabled both the companies to take advantage of new opportunities by pooling their resources. Tech Top Computers Ltd. is benefitted by cheap and abundant raw material of India, learning professional management practices, and technically qualified workforce of Shizuka Computers Ltd. Tech Top Computers Ltd. is able to find markets both in India as well as Japan because their products are innovative, and available at competitive rates.Q. Identify the kind of business enterprise formed by Shizuka Computers Ltd. and Tech Top Computers Ltd.a)Cooperative Societyb)Partnershipc)Joint Ventured)MNCCorrect answer is option 'C'. Can you explain this answer?.
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