Two years ago, Jason Jennings and Mary Scott each owned a small chain of bagel restaurants in Orange County, California. Just recently, they decided to pool their interests and combine their individual chains of restaurants into one chain. What Jason and Mary did with their firms is called a(n):
A) licensing agreement
B) strategic alliance
C) acquisition
D) joint venture
E) merger

Question

Quizplus · Accepted Answer

Jason Jennings and Mary Scott combined their individual chains of restaurants to form a new, larger chain. This type of business combination is known as a merger.

Two Years Ago, Jason Jennings and Mary Scott Each Owned