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AICPA每日一练之BEC【2016-4-14】

2016-04-14 高顿网校


A horizontal merger is a merger between
 
a. Two or more firms from different and unrelated markets.
 
b. Two or more firms at different stages of the production process.
 
c. A producer and its supplier.
 
d. Two or more firms in the same market.
 
Answer:D
 
Answer (d) is correct The requirement is to identify a horizontal merger.
 
Answer (d) is correct because a horizontal merger is one between competitors in the same market.
 
Answer (a) is incorrect because it describes a conglomerate merger.
 
Answers (b) and (c) are incorrect because they describe vertical mergers.


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