Many industries have experienced increased consolidation over the last decade due to an increase in
A) strategic alliances.
B) vertical integration.
C) horizontal integration.
D) franchising.
E) diversification.

Question

Quizplus · Accepted Answer

Horizontal integration refers to the merging of companies operating in the same industry or offering similar products/services. This type of consolidation has been on the rise in several industries, such as telecommunications, entertainment, and healthcare, among others. Horizontal integration allows companies to increase their market share, reduce competition, and achieve economies of scale.

Many Industries Have Experienced Increased Consolidation Over the Last Decade