Economics Chapter 3

Vertical merger
when firms involved in different steps of manufacturing or marketing come together, The joining of two companies involved in different stages of related businesses, One firm combines with another from which it buys inputs or to which it sells output, such as a merger between a steel producer and an automaker
Conglomerate merger
a firm that has at least four businesses, each making unrelated products, none of which is responsible for a majority of its sales, One firm combines with another firm in a different industry, such as a merger between a plastics maker and an electronics firm
Multinational corporation
a corporation that has manufacturing or service operations in a number of different countries, a large corporation that produces and sells its goods and services throughout the world
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