A consortium is defined as ________.
A) purchase of an existing company or facility
B) two partners forming a new legal entity
C) an equity venture to consolidate the value chain
D) multiple partners participating on a large-scale project

Question

Quizplus · Accepted Answer

A consortium is typically formed when multiple partners come together to participate in a large-scale project where no single partner can bear the entire financial or operational burden alone. It is a cooperative agreement among organizations to combine resources and share risks in achieving a common goal.

A Consortium Is Defined as ________