72.If'a cement factory, a steel mill, a sugar mill and a leather firm combine together it is an example of: a. Vertical Combination b. Horizontal Combination c. Diagonal Combination d. Circular Combination
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Answer:
D circular combination
Explanation:
Circular combination refers to combination of firms engaged in different businesses and producing different products. For e.g. a cell phone manufacturer combining with a car manufacturer or a company manufacturing consumer durable combining with a automobile manufacturing company.
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