An association of several companies and/or governments for some definite strategic purpose is referred to as a(n) ________.
A) joint venture
B) equity alliance
C) nonequity alliance
D) consortium

Question

Quizplus · Accepted Answer

A consortium is an association of multiple companies and/or governments for a specific purpose, which can include joint research and development, expanding into new markets, or sharing resources such as technology or expertise. Unlike joint ventures or equity alliances, a consortium does not necessarily involve investment or ownership stakes by the member organizations.

An Association of Several Companies And/or Governments for Some Definite