The coming together of two or more firms with each of them losing its identity is known as
- holding
- consortium
- cartel
-
amalgamation
The correct answer is: D
Explanation
Amalgamation refers to the process of combining two or more companies into a single entity, where the individual firms lose their separate identities and form a new entity. In an amalgamation, the combining firms merge their assets, liabilities, and operations to create a new company. This new company assumes the rights and obligations of the merged entities, and the original companies cease to exist as independent entities.