Define the Following Terms: Social Darwinism

question 35

Short Answer

Define the following terms: Social Darwinism

---

Definitions:

Horizontal Merger

A type of business consolidation that occurs between companies operating in the same industry, often to reduce competition or achieve economies of scale.

Vertical Merger

A merger between two companies that operate at different levels within the same industry's supply chain.

Innovative Products

Products that introduce new features, functions, or designs that differ significantly from previous products and may offer new benefits to the consumer.

Larger Firms

Companies or enterprises that are significant in size, often having a large number of employees, operations, and market influence compared to smaller businesses.