A Merger Between Two Firms That Make and Sell Similar

question 97

Multiple Choice

A merger between two firms that make and sell similar products in similar markets is known as a

• A) horizontal merger.
• B) cooperative.
• C) joint venture.
• D) vertical merger.
• E) conglomerate merger.

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Definitions:

R. J. Reynolds Tobacco

An American tobacco company known for producing cigarettes and other tobacco products.

Negligently Failed

The act of failing to take reasonable care in doing something, leading to unintended harm or damage.

Trial Court

A court in which most civil or criminal cases start when they first enter the legal system. The parties present evidence and call witnesses to testify. Trial courts are referred to as courts of common pleas or county courts in state court systems and district courts in the federal system. Also called court of original jurisdiction and court of first instance.

Manufacturer Negligent

A situation when a manufacturer fails to ensure the safety and efficacy of their product, resulting in harm to consumers.