Laura Watts Owns a Printing Company

question 5

Multiple Choice

Laura Watts owns a printing company. Over the past three years, Laura has significantly increased her sales through the outright purchase of other printing firms. Laura is pursuing a(n) ________ strategy.

• A) acquisition
• B) merger
• C) strategic alliance
• D) joint venture
• E) licensing

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Definitions:

Pirating

The unauthorized use, reproduction, or distribution of copyrighted or patented material.

Tribute

A payment made periodically by one state or ruler to another, especially as a sign of dependence.

Battle of New Orleans

The final major battle of the War of 1812, fought between British forces and American troops led by General Andrew Jackson in January 1815, resulting in a decisive American victory.

Peace Treaty

An agreement between hostile parties, usually countries or governments, to stop fighting and establish peace.