To increase production capacity and provide consumers with market stability,Exxon and Mobil created ExxonMobil.This is an example of what type of merger?
A)a horizontal merger
B)a limited liability merger
C)a vertical merger
D)a conglomerate merger

Question

Quizplus · Accepted Answer

A horizontal merger occurs when two companies operating in the same industry and at the same stage of production combine, as Exxon and Mobil did in the oil industry.

To Increase Production Capacity and Provide Consumers with Market Stability,Exxon