A company legally works with its rivals on projects of mutual benefit.This is called __________.
A) competition
B) collusion
C) co-opetition
D) restructuring

Question

Quizplus · Accepted Answer

Co-opetition is a business strategy where companies work together on a project to their mutual benefit, even though they may also compete in certain areas. It is a way for companies to increase market share, reduce costs, and pool resources for a particular project or initiative. Collusion, on the other hand, is an illegal practice where companies collude or secretly work together to control and manipulate markets. Competition is the normal state of affairs where companies vie for market share, while restructuring involves making significant changes to a company's organizational structure or business model.

A Company Legally Works with Its Rivals on Projects of Mutual