A group of public limited companies that commonly own a joint venture is known as

Assessment: WAEC SSCE - Commerce - 1996 (Objective) Subject: Commerce

Question 1 Report

A group of public limited companies that commonly own a joint venture is known as
Answer Details
A group of public limited companies that commonly own a joint venture is known as a consortium. In this arrangement, each company in the consortium contributes resources, such as capital or technology, to the joint venture in order to achieve a shared goal. The consortium is often formed to take advantage of the strengths and expertise of each individual company, with the goal of achieving greater efficiency and profitability than would be possible on their own.
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