The purchase and subsequent takeover of Marks Work Warehouse by Canadian Tire is an example of which of the following?
A) merger
B) acquisition
C) voluntary union
D) joint venture

Question

Quizplus · Accepted Answer

The purchase and takeover of Marks Work Warehouse by Canadian Tire is an example of an acquisition. An acquisition occurs when one company buys a controlling interest in another company and becomes the new owner. In this case, Canadian Tire purchased Marks Work Warehouse and became the new owner.

The Purchase and Subsequent Takeover of Marks Work Warehouse by Canadian