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The modal model has seen some revision in recent years, but a few key components remain. Which of the following is no longer an accepted aspect of the modal model?
Acquisition
The process of acquiring control of another company by purchase or exchange of stock.
Combining Firms
The process of two or more companies joining together to form a single business entity, often to achieve strategic objectives or enhance market share.
Horizontal Merger
The combination of two or more companies that operate in the same industry and are at the same stage in the production process.
Market Share
The segment of a market dominated by a specific company or product.
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