To share the huge cost of developing new products,some companies have established or joined ____ where member firms join in a working relationship without forming a new entity.

Question

Quizplus · Accepted Answer

Joint ventures and consortiums are similar in that they involve partnerships between companies to share costs and resources for a shared project or goal. However, consortiums generally involve more companies, and the membership is often temporary and flexible, with companies joining and leaving as needed. Therefore, the best choice for this question is D) consortiums.

To Share the Huge Cost of Developing New Products,some Companies