Businesses take the initiative to combine resources in order to produce goods and services.

This collaboration allows businesses to leverage each other's strengths and capabilities, leading to increased efficiency, cost savings, and innovation. By pooling resources, businesses can access new markets, share risks, and expand their reach. Additionally, collaboration can lead to the development of new products and services that would not have been possible for individual businesses to create on their own. Overall, combining resources through collaboration can help businesses achieve greater success and competitiveness in the marketplace.

Cooperation

True or false