Which term refers to the purchase of one organization by another so that the buyer assumes control?
A) acquisition
B) merger
C) joint venture
D) domain

Question

Quizplus · Accepted Answer

Acquisition refers to the purchase of one organization by another where the buyer becomes the owner and assumes control over the acquired company. Merger, on the other hand, refers to a situation where two companies join forces to form one entity of mutual benefit, whereas a joint venture is a business agreement where two or more companies come together to carry out a specific project or venture. Domain refers to a distinct subset of the internet with a specific name or address.

Which Term Refers to the Purchase of One Organization by Another