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An arrangement by independent firms to share the market of their products on quota basis...

Commerce
JAMB 2010

An arrangement by independent firms to share the market of their products on quota basis is referred to as?

  • A. trust
  • B. integration
  • C. syndicate
  • D. cartel
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Correct Answer: Option C
Explanation

A syndicate is an association of people or organizations that is formed for business. It is a group of individuals or organizations combined to promote a common interest.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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