The coming together of two or more firms with each of them losing its identity is known as

Source: JAMB · 2024

The coming together of two or more firms with each of them losing its identity is known as

  1. amalgamation ✓
  2. cartel
  3. consortium
  4. holding
Explanation

Amalgamation happens when companies merge completely. The old companies disappear and a new one is created.

In a cartel, companies stay separate but agree on prices. A consortium is a temporary partnership for a project.

After amalgamation, you cannot find the original companies anymore.

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