Sweet Scents, a candle company, purchases Nature Candle Products, its direct competitor, by buying most of its stock. In this scenario, Sweet Scents is involved in a(n)

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In this scenario, Sweet Scents is involved in an acquisition. An acquisition is the purchase of one company by another, usually by buying its stock. It sometimes involves the purchase of a division or some other part of a company rather than the entire company.

Sweet Scents, a Candle Company, Purchases Nature Candle Products, Its