When a large number of companies form a joint venture,the international joint venture is a

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When a large number of companies form a joint venture, it is referred to as a consortium. A consortium is a group of individuals or companies who come together to achieve a common objective. It is different from other forms of joint ventures such as equity joint ventures, informal cooperative alliances or multi-partner joint ventures. In a consortium, each member retains their independent status and contributes to a shared goal, with benefits and risks shared amongst them.

When a Large Number of Companies Form a Joint Venture,the