Consortium Meaning

Consortium refers to partnership or association between two or more persons, the purpose of which is to achieve something specific by combining the resources of all persons or partners which have agreed to become a part of consortium.

Consortium is also used by companies, banks, educational institutions in order to achieve their desired objective. Consortium is different from partnership in the sense that partnership involves sharing of profits and losses by doing business while consortium is done in order to achieve something specific and the purpose of consortium is not always profit.

0 comments… add one

Leave a Comment

Related pages

mixed economy tagalogcheque crossed generallydisadvantages of mergers and acquisitionsadvantages and disadvantages of commodity exchangesubstitute effect and income effectoligopoly and monopolydemat account introductionmixed capitalist economyunearned sales revenue balance sheetdifferent elasticities of demandwhat are the economic advantages of specializationunsystematic risk exampledisadvantages of barterglobalization merits and demeritsdifference between overdraft and cash creditdefine durable goodunitary elasticity of demand exampleadjusting entry unearned revenueselling shares advantages and disadvantagesadvantages and disadvantages of central governmentcharacteristics urbanisationtypes of retail banksexamples of current liabilities on a balance sheetpricing skimmingdisadvantage of modernizationmerits and demerits of modernizationlifo benefitscompetitive advantages and disadvantagesprofitability ratio formulahow to calculate crrcash reserve ratio in indiasystematic & unsystematic risktypes of dividend policiesfii meaningexample of systematic risk and unsystematic riskpayback period financequota and tariffdifference between shopping mall and department storecapital turnover ratio calculationabsolute cost theorydisadvantages of a joint ventureprivatelizationrecord unearned revenueconglomerate integration definitiondurable consumer goods definitiondepreciation declining balance methodtypes of mergers and acquisitions with examples pptwhat is indirect quotationskimming pricing strategy exampleswhat is an explicit costinternet banking disadvantagesconglomerate diversification strategywhat is the meaning of consignmentdifference between monopoly and oligopolyadvantage of hire purchaseautocratic coaching stylemeaning of operating cycleexplain the law of diminishing returnswhat are direct quotationsnormal inferior goodsbarter system meaningconglomerate integration examplesfactors that influence elasticity of demanddefine subventionpros and cons of mergers and acquisitionsbank overdraft advantages and disadvantagesadvantages of loan syndicationmonopolistic marketwhat is privatisation in economicslaw of diminished returnscapm explainedtypes of factoring methodswhat is a floating currencycomplementary goods definition economicsskimming policyfictitious asset meaningdifficulties in barter systemmarginal costing in management accounting