Asked by Dontillia
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
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
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Answered by
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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