Complete the Following Using the Terms Listed Below

question 52

Multiple Choice

Complete the following using the terms listed below.
-A(n) ______ joins a firm in the same industry that wishes to diversify, increase its customer base, cut costs, or offer expanded product lines.

• A)sole proprietorship
• B)small business
• C)corporation
• D)merger
• E)acquisition
• F)horizontal merger
• G)conglomerate merger
• H)cooperative
• I)vertical merger
• J)business incubators
• K)business plan
• L)closed corporation
• M)preferred stock
• N)franchising

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Definitions:

Brand Image

The perception or belief held by consumers about a brand's qualities, attributes, and characteristics.

Luxury Watchmaker

A company or individual that designs, manufactures, and sells high-quality, often handmade, watches that are considered to be status symbols.

High-end Watches

Luxury watches that embody superior quality, craftsmanship, and design, often representing status and wealth.

Competitive Advantage

A unique attribute or competency a company possesses that enables it to outperform its competitors, providing it with a market advantage.