Question

84. A combination of several companies working together for a particular purpose is called as which of the following? (a) Competitive advantage (b) Cross-selling (c) Consortium (d) Conglomerate Diversification​

Answer 1

competitive advantage

Answer 2

Consortium

Explanation

Consortium is the combination of several companies that work together for a particular purpose.

So, the correct option is (C) Consortium.

Because:

1. Competitive advantage means that all those actions that can be undertaken to make our product better than other's in every point that can be price or quality.
2. Cross -selling means to sell some extra product with the existing product with  discount or free to the regular customer's.
3. Consortium means when a group or an individual work with each other on the identical objective.
4. Conglomerate Diversification​ means when the owner or the seller add something which irrelevant to the particular product and sell that.