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UI Post-UTME Commerce 2024 Question 7

Question 7

Business Combinations

The amalgamation of two or more firms to form a new company is called

  1. A.Merger
  2. B.Partnership
  3. C.Acquisition
  4. D.Cartel
  5. E.Entrepreneurship
Show the answer and explanation

Answer: A (Merger)

Explanation

In a merger two or more firms combine into one new company; in an acquisition one firm buys another.