The acquisition of a firm whose business is not related to that of the bidder is called a:
A) Conglomerate acquisition.
B) Forward acquisition.
C) Backward acquisition.
D) Horizontal acquisition.
E) Vertical acquisition.

Question

Quizplus · Accepted Answer

A conglomerate acquisition refers to the purchase of a company that operates in a completely different industry than the acquiring company, indicating no direct business relation between the two.

The Acquisition of a Firm Whose Business Is Not Related