There are over 1,100 Corner Stores that market candy.When Valero Energy Corp.purchased the chain of retail stores, it was an example of a _____ merger.
A)conglomerate
B)combination
C)horizontal
D)vertical
E)cooperative

Question

Quizplus · Accepted Answer

A conglomerate merger occurs when two companies operating in different industries come together. Since Valero Energy Corp., an energy company, purchased a chain of retail stores, it represents a conglomerate merger because the companies are in unrelated business activities.

There Are Over 1,100 Corner Stores That Market Candy