When Separate Firms Engaged in Various Stages of a Production

question 71

Multiple Choice

When separate firms engaged in various stages of a production process are united under one ownership,the resulting combination is known as

• A)a horizontal merger.
• B)a vertical merger.
• C)a conglomerate merger.
• D)a trust.

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Definitions:

Corporate Scorekeeping

The practice of monitoring and recording the financial and operational performance indicators of a company.

Organizational Strategy

A plan of action designed by management to achieve specific long-term goals and objectives, shaping the company's direction and scope.

Benchmarking Partners

Organizations a company compares itself to for the purpose of measuring and improving performance, quality, or processes.

Internal

Pertaining to or happening within an organization or entity, as opposed to external factors or influences.