____ are groups of independent companies that join together to share skills, resources, costs, and access to one another's markets.
A) Joint ventures
B) Franchising
C) Licensing
D) Consortia

Question

Quizplus · Accepted Answer

Consortia are groups of independent companies that join together for mutual benefit by sharing skills, resources, costs, and access to each other's markets. Joint ventures involve the formation of a new legal entity, while franchising involves one company (the franchisor) granting the right to use its brand and business model to another company (the franchisee). Licensing involves one company giving another company permission to use its intellectual property.

____ Are Groups of Independent Companies That Join Together to Share