Question on: JAMB Commerce - 2024
The coming together of two or more firms with each of them losing its identity is known as
A
holding
B
consortium
C
cartel
D
amalgamation
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Correct Option: D
An amalgamation is the combination of two or more companies into a single, new entity. This involves the merging of the assets and liabilities of the combining companies, and the original companies cease to exist as separate entities.
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