Which of the following is the term for groups of independent companies that come together to share skills, resources, costs, and access to one another's markets?
A) joint ventures
B) cartels
C) alliances
D) consortia

Question

Quizplus · Accepted Answer

Consortia refer to groups of independent companies that come together to share skills, resources, costs, and access to one another's markets. Joint ventures refer to a specific type of partnership in which two or more parties create a new entity to pursue a specific business objective. Cartels are groups of companies that collude to control prices, while alliances are agreements between companies to cooperate in some way, but not to the extent of forming a new entity.

Which of the Following Is the Term for Groups of Independent