Leo Corp.,a large-scale cell phone manufacturer,buys Milo Inc.,a small cell phone manufacturer,to secure a greater share of the cell phone industry.This scenario exemplifies a(n)_____.

Question

Quizplus · Accepted Answer

Some mergers and acquisitions result in consolidation within an industry, meaning that two firms in one industry join to hold a greater share of the industry. In this case, Leo Corp., a large-scale cell phone manufacturer, buying Milo Inc., a small cell phone manufacturer, represents a consolidation.

Leo Corp,A Large-Scale Cell Phone Manufacturer,buys Milo Inc