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:

Massification

The mass increase in postsecondary enrolment, in contrast to the smaller numbers that once constituted an elite group.

Postsecondary Education

Education provided after the completion of secondary school, such as college, university, and vocational training.

Higher Education Participation

The involvement or enrollment of individuals in post-secondary education institutions, such as colleges and universities.

Conflict Theorists

Sociologists who view social life as a competition and focus on the distribution of resources, power, and inequality.