If two firms in one industry join to hold a greater share of the industry,it will be referred to as
A) consolidation.
B) a takeover.
C) an acquisition.
D) a conglomerate.
E) assimilation.

Question

Quizplus · Accepted Answer

Consolidation refers to the combination of two or more companies to create a larger entity in the same industry. It involves the merging of assets, resources, and operations to increase efficiency and reduce competition. A takeover refers to one company acquiring another company, while an acquisition refers to one company purchasing another company's assets or stocks. A conglomerate refers to a company that owns subsidiaries in different industries, and assimilation is not a commonly used term in this context. Therefore, the best choice is A) consolidation.

If Two Firms in One Industry Join to Hold a Greater