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WAEC Commerce 1996 Question 88

Question 88

Business Combinations

A group of public limited companies that collectively own a joint venture is known as a

  1. A.holding company
  2. B.consortium
  3. C.cartel
  4. D.trust
  5. E.merger
Show the answer and explanation

Answer: B (consortium)

Explanation

Firms that come together to own and run a joint project form a consortium.