JAMB Commerce 2022 Objective — Question 6

Question 6 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2022 Objective paper, with the correct answer and a full explanation.

6. The coming together of two firms producing at different stages is

A. (A) conglomeration
B. (B) horizontal integration
C. (C) vertical integrationCorrect
D. (D) Cartel

Explanation

Vertical integration occurs when two firms operating at different levels of production come together to form a single firm.

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