When a Bank Offers Home Mortgages and Credit Cards to Its

question 33

True/False

When a bank offers home mortgages and credit cards to its checking account customers, it is using horizontal integration strategy.

---

Definitions:

Service Business

A type of business that provides intangible products, such as expertise, experience, or access, rather than physical goods.

Alternative

A term used to describe an option or choice among multiple possibilities, often referring to solutions, methods, or investments.

Limited Liability Company

A corporate form that merges the tax benefits of a sole proprietorship or partnership with the limited liability offered by a corporation.

Law Firm

A business entity formed by one or more lawyers to engage in the practice of law, offering legal services to clients.