Question
A conglomerate merger occurs when __________.
one firm is a producer of products, and the other firm is a producer of services
the products of the merging firms were not related in any way before the merger
one firm is a domestic firm, and the other is a foreign company
the merger partners were competitors
one firm is a producer of products, and the other firm is a producer of services
the products of the merging firms were not related in any way before the merger
one firm is a domestic firm, and the other is a foreign company
the merger partners were competitors
Answers
GPT-4o mini
A conglomerate merger occurs when **the products of the merging firms were not related in any way before the merger**. This type of merger involves companies that operate in different industries or markets, leading to diversification in the newly formed entity.