Which of the following references the type of conglomerate merger that occurs when a firm attempts to extend the market for one of its current products by merging with a firm already active in the target market?

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Market extension mergers occur when a company wants to expand its market reach for an existing product by merging with a company in the target market. This strategy is used to gain a foothold in new geographical areas or customer segments.

Which of the Following References the Type of Conglomerate Merger