Which one of the following is not an example of a horizontal merger?
A) NationsBank and Bank of America combine
B) U.S. Steel and Marathon Oil combine
C) Exxon and Mobil Oil combine
D) SBC Communications and Ameritech Communications combine
E) Hewlett Packard and Compaq Computer combine

Question

Quizplus · Accepted Answer

U.S. Steel and Marathon Oil combine is an example of a vertical merger, as they are in different stages of the same supply chain (steel production and oil production, respectively). The other options listed are all examples of horizontal mergers, where companies in the same industry and at the same stage of production combine.

Which One of the Following Is Not an Example of a Horizontal