Which of the following is an example of a vertical merger?
A. The purchase of TWA by American Airlines
B. The purchase of Marathon Oil Company by U.S. Steel
C. The purchase of Kentucky Fried Chicken by PepsiCo
D. The purchase of Malone's Cost-Plus Supermarkets by the Kroger supermarket chain
E. The purchase of Gulf Oil by Standard Oil Company of California
Answer: C
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Which of the following statements about public offerings is NOT true?
A) A public offering is the most common type (vs private) for equity securities. B) Public offerings are usually more expensive than a private placement. C) The issuing process typically completes within one month. D) All of the above are true.
If a person is injured by a drug because a physician gives an improper dose, the maker may be protected from liability under the "learned intermediary" doctrine
a. True b. False Indicate whether the statement is true or false
During March, the production department of a process operations system completed and transferred to finished goods 25,000 units that were in process at the beginning of March and 110,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 30% complete with respect to conversion. Compute the number of equivalent units with respect to both materials and conversion respectively for March using the weighted-average method.
A. 135,000 materials; 119,000 conversion. B. 140,000 materials; 130,250 conversion. C. 165,000 materials; 144,000 conversion. D. 165,000 materials; 165,000 conversion. E. 144,000 materials; 144,000 conversion.
_____ is said to occur when a new product line "eats" the sales of an existing line
a. Product differentiation b. Cannibalization c. Market segmentation d. Benefit segmentation