JAMB Commerce 2020 Objective — Question 12
Question 12 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2020 Objective paper, with the correct answer and a full explanation.
Advertisement
12. When two companies that are producing same thing and at the same level of production comes together to form a single company for the sake of synergy is referred to as
- A. A. joint venture
- B. B. horizontal integrationCorrect
- C. C. conglomerate
- D. D. vertical integration
Explanation
Horizontal integration is the coming together of two or more companies in the same line and level of production to form a single company so as to prevent competition between them and to gain synergy.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.