Which of the following is an advantage of a Joint Venture?

A joint venture is a strategic alliance where two or more businesses collaborate to undertake a specific project or business activity while maintaining their distinct identities. One of the primary advantages of this arrangement is the access it provides to additional expertise.

When businesses form a joint venture, they can leverage each partner's unique skills, resources, and knowledge. This collaboration can lead to enhanced innovation, improved problem-solving capabilities, and a broader understanding of the market. For instance, one partner might have advanced technological capabilities, while another might possess strong marketing skills or local market knowledge. This blending of expertise can result in a more competitive offering and increase the chances of the venture's success.

The other options represent scenarios that do not align with the nature of a joint venture. Complete control by one business is not characteristic of a joint venture, as control is typically shared among the partners. While joint ventures can lead to higher profit margins, this is not guaranteed and can vary based on numerous factors such as market conditions and collaboration effectiveness. Lastly, accountability is generally increased in a joint venture due to the shared responsibilities and the need for cooperation between the partners.