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GCE Commerce 1990 Question 84

Question 84

Business Combinations

The purchase of one company by another is called

  1. A.incorporation
  2. B.merger
  3. C.cartel
  4. D.nationalization
  5. E.privatization
Show the answer and explanation

Answer: B (merger)

Explanation

When one company buys another and they become one business, it is a merger (takeover).