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Commerce 2001 NECO Past Questions

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46
A syndicate is an/a
  • A. association formed by the joining together of firms which were previously independent
  • B. association of firms at the same stage of production, formed for the purpose of keeping up prices
  • C. association of firms for the regulation of output and prices
  • D. combination of firm which carry on the same kind of business such as retailing
  • E. company that controls one or more other companies by holding majority of their shares
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