International Association of Food Industry Suppliers has completed its _____ merger with the Food Processing Machinery Association.The action represents a coming together of equals in which both boards and staffs are committed to creating a new association that is stronger and better equipped to serve its members' growing needs to more effectively compete in their marketplaces.

Question

Quizplus · Accepted Answer

A horizontal merger occurs between companies operating in the same industry, often as equals, to enhance their market power and efficiency, which aligns with the description provided.

International Association of Food Industry Suppliers Has Completed Its _____