Question

A conglomerate merger occurs when __________.

one firm is a producer of products, and the other firm is a producer of services

the merger partners were competitors

one firm is a domestic firm, and the other is a foreign company

several firms operating in different industries are merged
GPT-4o mini
A conglomerate merger occurs when **several firms operating in different industries are merged**. This type of merger allows companies to diversify their operations and reduces their reliance on a single market or industry.

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