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A: So I know that joint ventures are two companies joining forces for a time, but I'm still a little confused.
B: Well, a joint venture is a business agreement, the parties agree to develop for a finite time, a new entity and new assets.
A: Okay, but what do you mean by new entity, I don't understand business lingo.
B: A new entity is basically a new business.
A: So a joint venture is pretty much like the child of two different businesses, is that right?
B: Yeah, That's an interesting way to look at it.Yeah I guess so. The parent companies have control over the new enterprise.
A: I suppose the parent companies share all the responsibilities of the joint venture, They share the debt and the profits, right?
B: That's correct, They share revenues, which is the amount of money that comes in. They share expenses and assets too.
重点单词
- join force: 合作（书面语）
- finite time：限定的时间
- lingo: 语言，行话
- an interesting way to look at it: 这样理解很有意思
- enterprise: 企业
- debt: 债务
- profit: 利润
- revenue: 金额，收入
- expense: 费用，支出、开支
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