A regional bank operating in three states purchases a smaller local in the next state. This is an example of what type of strategy?
A) vertical integration
B) perpendicular integration
C) horizontal integration
D) conglomerate integration

Question

Quizplus · Accepted Answer

Horizontal integration occurs when a company acquires or merges with a company in the same industry at the same stage of production. In this case, a regional bank acquiring a smaller local bank in a neighboring state is an example of horizontal integration, as it involves companies in the same industry (banking) expanding their operations or market reach.

A Regional Bank Operating in Three States Purchases a Smaller