Ottens Flavors, Philadelphia, announced its combination with MK Flavors & Co., Mexico City.The Mexican operation will offer the U.S.-based company an increased market presence in Central and South America.The new company will be renamed MK Ottens Flavors.MK Ottens Flavor was created through a(n):
A)joint venture
B)merger
C)conglomerate
D)cartel
E)voluntary union

Question

Quizplus · Accepted Answer

A merger involves the combination of two companies to form a new entity, which is what happened between Ottens Flavors and MK Flavors & Co.

Ottens Flavors, Philadelphia, Announced Its Combination with MK Flavors