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:

Reward

A benefit or recognition given in response to an action, achievement, or service, often used as motivation or compensation.

Garage

A building or indoor space primarily used for parking vehicles, but may also serve as a workshop or storage area for various items.

Bailees

Individuals or entities who have temporary possession or custody of personal property belonging to another.

Common Carriers

Businesses that offer transportation services to the public under the authority of a regulatory body.