A ________ is a group of organizations with similar needs that band together to create a new entity to address those needs.
A) joint venture
B) network
C) consortia
D) strategic alliance
E) trade association

Question

Quizplus · Accepted Answer

Consortia refers to a group of organizations with similar needs that join together to form a new entity to address those needs. Joint venture refers to a partnership between two or more organizations formed to achieve a specific goal or complete a specific project. A network is a group of interconnected people or organizations. A strategic alliance is a formal or informal agreement between two or more organizations to work together to achieve a mutually beneficial goal. A trade association is a group of companies in the same industry that work together to promote the interests of their industry.

A ________ Is a Group of Organizations with Similar Needs