Six high-technology companies joined forces to produce and market their products in Japan. By joining together, these companies were able to enter the Japanese market for the first time. This is an example of a consortium.

Question

Quizplus · Accepted Answer

A consortium is a group of companies that join together for a common purpose, such as entering a new market or developing a new product, which aligns with the scenario described.

Six High-Technology Companies Joined Forces to Produce and Market Their