One reason that a firm may choose to merge or acquire another company would be to diversify products or services.

Name: One reason that a firm may choose to merge or acquire another company would be to diversify products or services.
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Question

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When firms participate in conglomerate mergers, they purchase companies whose products and services are different or unrelated to what they currently offer. They choose to diversify the portfolio of business units and even the industries where they operate.

One Reason That a Firm May Choose to Merge or Acquire