GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Two local business owners want to reduce competition, so they decide to form one organization from the two companies. This is an example of a
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monopoly.
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hostile takeover.
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merger.
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trading bloc.
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Explanation:
Detailed explanation-1: -A company merger occurs when two businesses with similar synergies decide that being one company together will yield more profits than being two separate entities.
Detailed explanation-2: -Successful merger: Exxon and Mobil Exxon Corp. and Mobil Corp.-the first and second largest oil producers in the United States-made headlines when they announced their merger in 1998. This type of merger is a classic example of a horizontal merger.
Detailed explanation-3: -Horizontal. Vertical. Concentric. 24-May-2021
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