Where two or more companies agree to work on a project too large for one of them, this is called?

Assessment: WAEC SSCE - Commerce - 2002 (Objective) Subject: Commerce

Question 1 Report

Where two or more companies agree to work on a project too large for one of them, this is called?
Answer Details
When two or more companies come together to work on a project that is too large for one of them to handle alone, it is called a consortium. The companies work together as a group to pool their resources and expertise to achieve the project goals. Each member of the consortium remains an independent entity and retains its own identity, but they cooperate and collaborate to achieve a common objective. Consortia are often formed for large-scale projects such as infrastructure development, research and development, and international trade.

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