Trade Association and Other Enterprises cont'd II

ImpoAgricCommerce SSS2 First Term

WEEK  10

Trade Association and Other Enterprise's cont'd II

Performance Objectives

The student should be able to:

     1. Explain the meaning of the following:

         -Consortium

          -Trust

          -Holdings

          -Cartel

Content

Consortium

A combination of several companies, banks etc for a common purpose is consortium. A few banks can come together to finance a project, in that case, they become a consortium of banks. In the same way, two or three construction companies can pull their resources together to undertake a huge construction project like a dam which would have been too much for a single company to undertake.

Cartel

A cartel is the association of firms, producers etc, in the same…