A fiRm That Produces Beer Decides to Take Over a fiRm

question 41

Multiple Choice

A firm that produces beer decides to take over a firm that makes tyres. This type of growth strategy would be called _____.

• A) diversification
• B) horizontal integration
• C) vertical integration
• D) organic growth

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Definitions:

Premises

A building or land specified in a legal document or agreement, often related to business or residency.

Penalize

To subject an individual or entity to a disadvantage or punishment for violations of laws, rules, or contracts.

Not Enforceable

Describes a contract or legal obligation that cannot be legally imposed or compelled by law due to issues such as illegality or lack of proper form.

Commercial Parking Garage

A facility designed to provide parking space for vehicles on a fee-paying basis, often found in urban areas.