A ____ Is a Merger Between Firms Operating at Different

question 105

Multiple Choice

A ____ is a merger between firms operating at different but related levels in the production and marketing of a product.

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

---

Definitions:

Illegal Drugs

Substances whose production, sale, or possession is prohibited by law due to their potential for abuse and harm.

Smuggle

The act of illegally transporting goods or people across borders, typically to avoid taxes or regulations.

Offeree

The party to whom an offer is made, in the context of contract law, who has the option to accept or reject the proposal.

Binding Contract

An agreement between two or more parties that is enforceable by law.