JAMB Commerce 2011 Question 28

Question 28

Business Combinations

When two or more companies agree to execute a project too large for one to handle, this is referred to as

  1. A.an amalgamation
  2. B.a cartel
  3. C.a merger
  4. D.a consortium.
Show the answer and explanation

Answer: D (a consortium.)

Explanation

A consortium is a temporary combination of firms to carry out a large project.