The purchasing of firms in the same industry is called:
A) unrelated diversification.
B) vertical integration.
C) networking the organization.
D) horizontal acquisition.

Question

Quizplus · Accepted Answer

Horizontal acquisition refers to the purchasing of firms in the same industry, which allows the acquiring company to increase its market share, reduce competition, and gain access to new products or technologies. Therefore, option D is the correct answer to the question.

The Purchasing of Firms in the Same Industry Is Called