One of the Earliest and Most Important Exports from the Carolinas

question 40

Multiple Choice

One of the earliest and most important exports from the Carolinas was

• A) tobacco.
• B) naval stores.
• C) fish.
• D) Indian slaves.
• E) corn.

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Definitions:

Horizontal Acquisition

The process of a company acquiring another company in the same industry to increase its market share.

Hostile Takeover

An acquisition attempt by a company or individual against the wishes of the target company's management and board of directors.

Amalgamation

The merger or consolidation of two or more companies into a new entity, combining their assets, liabilities, and operations.

Consolidation

A merger in which a new firm is created and both the acquired and acquiring firm cease to exist.