Examlex
Although firms may differ in the specifics of how salespeople are managed, the sales management process has many similarities across firms. Briefly describe the three interrelated functions of the sales management process.
Legal Entity
An organization or business that is recognized by law as having a distinct legal existence, separate from its owners.
Consolidation
The process of combining financial statements from several departments or subsidiaries into a unified set.
Merger
The combination of two or more companies into a single entity, where one survives and the others cease to exist as separate entities.
Synergy
A situation in which two companies operating together under one ownership perform better than the sum of their separate performances. A popular reason claimed for mergers.
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