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

Question

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A consortium is a group of companies or organizations that work together on a joint project or endeavor. In this scenario, the ten high tech companies joined together to enter the Chinese market, which would make them a consortium.

Ten High Tech Companies Joined Together to Make a Concentrated