Ten high tech companies joined together to make a concentrated business effort in China. By joining together, the various companies were able to enter the Chinese market for the first time. A good name for this type of arrangement would be a consortium (consortia).

Question

Quizplus · Accepted Answer

Consortia are similar to joint ventures and could be classified as such except for two unique characteristics: (1) They typically involve a large number of participants and (2) they frequently operate in a country or market in which none of the participants is currently active.

Ten High Tech Companies Joined Together to Make a Concentrated