Question

The local real estate companies in a city have joined together and arranged a "Property Fair." The sponsors will equally share the expenses of the event. Though many companies compete against each other, they have joined together because the medium will help the companies market themselves through a dedicated forum at an extremely low cost. This arrangement is best referred to as ______

Answer 1

Answer:Co-opetition

Explanation:

What is Co-opetition?

Coopetition occurs when two companies that are competitors come together and start to work together, now they build a competition and cooperation this is referred to as Co-opetition. This is commonly found between softwares and hardwares companies.

This can help the business expand their territory and build new business relations which will boost their sales and profit.