GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ivers Paint, founded in 1999, is a corporation that manufactures paint supply products. On Friday, officials announced that the company would merge with the Kildare Paint Supply Store, a partnership started in 1995 by the Kildare brothers. “This merger will benefit consumers because Ivers will be able to operate more efficiently and offer our products at a lower price at the Kildare Paint Supply Store, “ said a representative from Ivers Paint. Based on the excerpt from a news story, which statement best describes the merger of Ivers Paint and Kildare Paint Supply?
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It is a conglomerate merger because one company is involved in manufacturing and the other in selling.
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It is a partnership merger because one of the companies is a partnership.
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It is a horizontal merger because both companies are involved in the paint supply business.
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It is a vertical merger because the two companies are involved in different stages of the paint supply business.
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Explanation:
Detailed explanation-1: -Based on the excerpt from a news story, which statement best describes the merger of Ivers Paint and Kildare Paint Supply? It is a vertical merger because the two companies are involved in different stages of the paint supply business.
There is 1 question to complete.