GM, Ford, and DaimlerChrysler have joined together to develop new concepts for use in the automotive sector. What is this agreement called?
A) Joint Operating Agreement (JOA)
B) Multi-national collusion
C) R&D Consortia
D) Vroom marketing

Question

Quizplus · Accepted Answer

The joint effort between GM, Ford, and DaimlerChrysler to develop new concepts for use in the automotive sector is known as a research and development (R&D) consortia. This type of agreement is where multiple companies come together to collaborate on the research and development of new technologies or products.

GM, Ford, and DaimlerChrysler Have Joined Together to Develop New