Understanding Joint Ventures
A joint venture (JV) is a strategic alliance where two or more parties collaborate on a specific project or business activity. The key participants in a joint venture are referred to as "co-venturers".
Why Co-Venturers?
- Definition: Co-venturers are the entities or individuals that come together to form a joint venture. They share resources, risks, and profits related to the project or activity.
- Collaboration: Each co-venturer contributes specific assets, skills, or expertise, which enhances the overall capability of the venture.
- Shared Goals: Co-venturers work towards common objectives, allowing them to leverage their collective strengths to achieve success.
Other Options Explained
- Partners: While co-venturers can be considered partners in a certain context, the term "partner" typically implies a more permanent and formal relationship, often associated with partnerships that are governed by partnership laws.
- Principal-Agent: This term refers to a different relationship where one party (the agent) acts on behalf of another (the principal). This does not accurately describe the relationship within a joint venture.
- Friends: While co-venturers may be friends, this term lacks the formal business context necessary to describe their roles in a joint venture.
Conclusion
In summary, the correct term for the parties involved in a joint venture is "co-venturers." This designation accurately reflects their collaborative nature and shared objectives in the business endeavor. Understanding these roles is crucial for successful joint ventures in any business environment.

Answer ( A ) Co - venturers