When Companies in the Same Industry Merge to Achieve Economies

question 86

True/False

When companies in the same industry merge to achieve economies of scale and to expand their product lines, it is called a horizontal merger.

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Definitions:

Lower-order Needs

In the context of Maslow's hierarchy, these are basic physiological and safety needs that individuals seek to fulfill before achieving higher-level needs.

ERG Theory

A motivational theory proposed by Clayton Alderfer that categorizes human needs into existence, relatedness, and growth needs.

Growth Needs

Desires for personal growth and development.

Motivational Concepts

Theories or ideas that explain how and why individuals are driven to behave in certain ways to achieve personal or professional goals.