Fabotels is a hotel aggregator that buys budget hotels that succumb to financial losses and then refurbishes them under the company's brand name. Fabotels recently purchased Ravine Comforts, a small lodge that was running into huge debts. The business deal between Fabotels and Ravine Comforts exemplifies a(n) _____.

Question

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The transaction is an acquisition because Fabotels purchased Ravine Comforts, taking ownership and control of the lodge.

Fabotels Is a Hotel Aggregator That Buys Budget Hotels That