Raonic Inc. and Svet Corp. were combined to form a new organization, thereby eliminating domination of one over the other. This resulted in the newly formed organization securing a better place in the market. Which of the following concepts does this scenario illustrate?
A) Domination
B) Compromise
C) Despotism
D) Integration

Question

Quizplus · Accepted Answer

The scenario illustrates the concept of integration, which refers to the combination of two or more entities to form a new organization. This strategy is often used to reduce competition, increase efficiency, and gain a better position in the market. It is different from domination or despotism, which involve the control or oppression of one entity over the other, and from compromise, which refers to a settlement or agreement reached through mutual concessions.