Quality Cools, an ice cream company, bought Icee, a smaller ice cream company. The smaller company was folded into Quality Cools's business. Which of the following business forms does this scenario exemplify?
A) An acquisition
B) Piggybacking
C) Franchising
D) A joint venture

Question

Quizplus · Accepted Answer

This scenario exemplifies an acquisition, which is when one company buys another and absorbs it into its own business.

Quality Cools, an Ice Cream Company, Bought Icee, a Smaller