Miniature Precision Corporation, a Microprocessor Manufacturer, Recently Acquired Cameron-Price, a Plastics

question 8

Multiple Choice

Miniature Precision Corporation, a microprocessor manufacturer, recently acquired Cameron-Price, a plastics mold manufacturer.Miniature Precision financed the transaction with 90 percent borrowed money and used Cameron-Price's assets as collateral.This type of merger is commonly known as a(n) :

• A)hostile takeover
• B)greenmail
• C)leveraged buyout
• D)institutional takeover
• E)financial merger

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Definitions:

Training

The process of enhancing the skills, knowledge, and competencies of employees through various educational methods and programs.

Compensating

Offering something, typically money, to make up for loss, suffering, or injury, or to balance out a perceived deficiency in a business transaction.

Evaluating

The process of making judgments about the value, performance, or quality of a product, service, or outcome.

Personal Selling Process

The series of steps salespeople follow when selling a product or service, including prospecting, approaching, presenting, handling objections, closing, and follow-up.