why might several competing corporations join together in an association?

Question

because there is often strengeth in numbers

because they often have common issues that may affect an entire industry

because they can all benefit from governmentsl policies

all of the above

Answer 1

The correct answer is all of the above. Several competing corporations may join together in an association for various reasons, including:

1. Strength in numbers: Collaborating can provide greater leverage when negotiating with suppliers, regulators, or other stakeholders.

2. Common issues: They may face shared challenges or opportunities that impact their entire industry, and working together can help them address these issues more effectively.

3. Government policies: By joining forces, they can advocate for policies or regulations that benefit their sector as a whole, enhancing their collective influence.

Thus, all these reasons contribute to the rationale for forming associations among competing corporations.