Daimler-Benz used ______________ to establish a bigger presence in the North American market.
A) licensing
B) franchising
C) a merger
D) turnkey projects
E) an acquisition

Question

Quizplus · Accepted Answer

An acquisition is the process of taking over ownership and control of another company. Daimler-Benz used this strategy to establish a bigger presence in the North American market. In 1998, Daimler-Benz acquired Chrysler in a mergers and acquisitions deal valued at $36 billion. This allowed Daimler-Benz to expand its product offerings and increase its market share in North America.

Daimler-Benz Used ______________ to Establish a Bigger Presence in the North