Question 12
Business CombinationsA group of companies formed to carry out an activity that is beyond the ability of any individual company is
- A.a subsidiary.
- B.a merger.
- C.a consortium.
- D.an acquisition.
Show the answer and explanation
Answer: C (a consortium.)
Explanation
A consortium is a temporary association of firms that join forces for a project too big for any one of them, while each keeps its identity.