If a Hardware Store Chain on the East Coast Merged

question 78

True/False

If a hardware store chain on the East Coast merged with a hardware store chain on the West Coast,it would be a horizontal merger.

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Definitions:

Limited Liability Partnership

A type of business partnership where some or all partners have limited liabilities, meaning they are not personally responsible for the debts of the business.

Professional Partnership

A business structure where two or more professionals collaborate, sharing responsibilities, profits, and risks, typically in fields requiring a high level of training or expertise.

Negligence

The failure to take proper care in doing something, leading to damage or injury to others.

Business Plan

A formal document that outlines an organization's goals, strategies, target market, financial forecasts, and marketing plans, serving as a roadmap for business growth.