GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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two or more firms in different countries.
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two or more firms that produce the same kind of product.
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two or more firms involved in different steps of manufacturing or marketing.
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two or more firms that produce different products.
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Detailed explanation-1: -A merger occurring between companies in the same industry. Horizontal merger is a business consolidation that occurs between firms who operate in the same space, often as competitors offering the same good or service.
Detailed explanation-2: -Horizontal. A horizontal merger is a merger between two companies in the same industry. This type of merger involves two businesses that offer the same products or services to the same kinds of customers. With a horizontal merger, the two businesses are direct competitors of one another.
Detailed explanation-3: -Horizontal Versus Vertical Mergers These competitors operate within a similar industry or have like products. A completed horizontal merger leaves the market with one less competitor and a larger combined firm. A vertical merger is a combination of firms at different levels of the supply chain.