What do you call a collection of companies that collaborate and combine resources to reach a shared goal?
Explanation
A consortium is a group of businesses that join forces and share resources to accomplish a mutual objective. Unlike a pool, which is typically a temporary agreement to control prices or markets, or incorporation, which refers to forming a legal corporation, a consortium specifically involves collaboration among companies. A conglomerate is a large corporation made up of diverse businesses, not necessarily cooperating towards a single goal.