A merger between Bank of America and JP Morgan Chase is an example of a:
A) vertical merger.
B) horizontal merger.
C) conglomerate merger.
D) none of the options.

Question

Quizplus · Accepted Answer

A horizontal merger occurs when two companies operating in the same industry, often as competitors, combine. Bank of America and JP Morgan Chase are both major players in the banking and financial services industry, making a merger between them a horizontal merger.

A Merger Between Bank of America and JP Morgan Chase