When an Organization Attempts to Grow by Merging with or Acquiring

question 66

Multiple Choice

When an organization attempts to grow by merging with or acquiring firms in different but associated industries,the strategy is known as a ________ strategy.

• A)related differentiation
• B)horizontal integration
• C)vertical integration
• D)related diversification

Understand the regulations and enforcement mechanisms of the Federal Trade Commission (FTC) regarding deceptive business practices.

Comprehend the process and implications of consent orders in business law.

Recognize the Federal Trade Commission’s role and structure, including the appointment of commissioners and their terms.

Identify the legal recourse available to businesses under FTC actions and the consequences of non-compliance.

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Definitions:

Organizational Culture

The collection of values, expectations, and practices that guide and inform the actions of all team members of an organization.

Standardization

The process of developing and implementing technical standards to ensure consistency and compatibility of products and services.

Process Cycle Times

The duration required to complete a specific process or operation, often analyzed for efficiency improvements.

Competitive Position

A company's standing in the marketplace in relation to its competitors, determined by factors like market share, profitability, and brand strength.