Hot and Black Tide Inc., an electronics manufacturer, merges with Crimp Corp., a food manufacturing brand, to make the firms less vulnerable to adverse conditions in any single market. This scenario is an example of a(n) _____.
A. horizontal merger
B. vertical merger
C. conglomerate merger
D. market extension merger
Answer: C
You might also like to view...
Overstating of sales in the income statement leads to:
a. decrease in inventory turnover ratio. b. decrease in EPS. c. increase in gross profit ratio. d. decrease in accounts receivable ratio.
Which of the following methods suggests that people hold firmly to some belief because it is consistent with their own observations?
A. method of authority B. method of experience C. method of behavior D. method of intuition E. method of science
Liability is a feature of political systems and allows individuals to recover damages done to them by others
Indicate whether the statement is true or false
The Channing Company earned $64,00 . last year. The capital stock of the company consists of $500,00 . of 8% preferred stock and $200,00 . of common stock. The directors declare a dividend of the entire earnings. Compute the total amount that will be paid to the holders of common stock