Over the Last Century, the Campbell Soup Company Has Expanded

question 93

Multiple Choice

Over the last century, the Campbell Soup Company has expanded by acquiring other packaged consumer food companies such as Pace, V8, Pepperidge Farms, Swanson, and Godiva Chocolatiers. Campbell was pursuing which corporate strategy?

• A) backward vertical integration
• B) forward vertical integration
• C) related diversification
• D) unrelated diversification
• E) horizontal integration

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Definitions:

Tax-Exempt

A status that exempts individuals or organizations from having to pay certain taxes.

Tax Liability

The total amount of tax owed to the government by an individual, corporation, or other entity within a given tax period.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders; it has rights, privileges, and liabilities independent of them.

FMV

Fair Market Value, the price that property would sell for on the open market.