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Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Jonathan Edwards, Gilbert Tennent
Corporate Takeover
A corporate takeover is the acquisition of one company by another, where the acquiring company gains control over the target company.
Consolidation
The process of combining multiple financial statements or businesses into a single entity for reporting purposes.
Vertical Integration
A strategy where a company expands its business operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.
Horizontal Integration
A strategy where a company acquires, merges with, or becomes partners with other companies in the same industry at the same stage of production.
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