The Merger of a Firm in One Industry with Another

question 221

Multiple Choice

The merger of a firm in one industry with another firm in the same industry that sells similar products is called a

• A) vertical merger.
• B) secondary merger.
• C) horizontal merger.
• D) conglomerate merger.

---

Definitions:

Industrial Societies

Societies characterized by the widespread use of technology and machinery in the production process, leading to increased productivity and changes in social organization.

Seasonal Movement

The migration or movement of people or animals across different geographical areas depending on the season.

Transhumance

The seasonal movement of people with their livestock between fixed summer and winter pastures, often found in mountainous regions.

Nomadism

A lifestyle characterized by moving across landscapes in search of resources, such as pasture for livestock, rather than staying in one fixed location.