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Quality control is a significant disadvantage of franchising.
Acquisition
The process of acquiring control of another company by purchase or exchange of stock.
Combining Firms
The process of two or more companies joining together to form a single business entity, often to achieve strategic objectives or enhance market share.
Horizontal Merger
The combination of two or more companies that operate in the same industry and are at the same stage in the production process.
Market Share
The segment of a market dominated by a specific company or product.
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