When Firms That Make and Sell Similar Products to the Same

question 12

Multiple Choice

When firms that make and sell similar products to the same customers merge,it is known as a

• A) horizontal merger.
• B) vertical merger.
• C) acquisition.
• D) hostile takeover.
• E) poison pill.

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Definitions:

Ad Hoc Discipline

A form of discipline implemented for a particular purpose or situation, often characterized by a lack of comprehensive planning or consistency.

Bureaucratized System

A formally organized system governed by rules and hierarchy, characterizing a complex structure of offices and officials.

Prison Riots

Violent disturbances and uprisings by inmates within a prison, often in protest against conditions or treatment.

Supermax Prisons

Highly secure and restrictive prisons designed to isolate and manage the most dangerous inmates who pose a severe threat to safety and security.