When two or more companies agree to execute a project too large for one to handle, this is referred to as?
Answer Details
A consortium is when two or more companies agree to work together on a project that is too big for one company to handle alone. It is a cooperative agreement between multiple companies to achieve a common goal. The companies involved in the consortium work together, pooling their resources, expertise, and skills to complete the project. This allows them to take on larger and more complex projects than they could individually, and also helps to spread risk and increase efficiency.