What Is the Term for When One Firm Buys Another

question 26

Multiple Choice

What is the term for when one firm buys another firm?

• A) acquisition
• B) conglomeration
• C) joint venture
• D) merger

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Definitions:

Collectively Liable

A situation where all members of a group are equally responsible for the group's obligations or debts.

Industries

Sectors or categories of business activity focused on the production or delivery of goods and services.

Employer-Provided

Services or benefits offered to employees directly by their employer, such as health insurance, retirement plans, or transportation allowances.

Less Cost

Refers to a reduction in expenses or costs incurred by an organization or individual.