Many Industries Have Experienced Increased Consolidation Over the Last Decade

question 56

Multiple Choice

Many industries have experienced increased consolidation over the last decade due to an increase in

• A) strategic alliances.
• B) vertical integration.
• C) horizontal integration.
• D) franchising.
• E) diversification.

---

Definitions:

Settlement

An agreement reached between parties in a dispute, before or after legal action, that resolves the issues.

Choice-of-Law Clause

A provision in a contract specifying which jurisdiction's laws will be applied in interpreting the contract.

International Contract

An agreement between parties from different countries, often subject to international law or treaties.

Appellate Court

A higher court that reviews the decisions of lower courts to ensure the law was applied correctly.