An association of voluntary organizations that work together for a common aim while retaining their...

Commerce

JAMB 2014

An association of voluntary organizations that work together for a common aim while retaining their independence is a

A. syndicate
B. merger
C. cartel
D. consortium

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Correct Answer: Option C

Explanation

Cartel; is a group of independent market participants, whose goal is to improve their profits and/or market position by reducing their mutual competition.

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An association of voluntary organizations that work together for a common aim while retaining their...

Correct Answer: Option C

Explanation

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