When the American Cigar Co. buys a pizza chain, the process is called:

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When a company buys a completely different type of business, it is known as diversification. This is different from a monopoly, which involves the acquisition of all competitors in a single industry. Takeover attempt refers to a hostile attempt to acquire a company, which may or may not involve diversification. Planned obsolescence is a strategy used by companies to ensure a product becomes outdated or unusable over time, which may encourage consumers to purchase newer products.