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    Question

    What is the term used to describe the process of

    acquiring or merging with another company to achieve growth or strategic objectives?
    A Diversification Correct Answer Incorrect Answer
    B Consolidation Correct Answer Incorrect Answer
    C Franchising Correct Answer Incorrect Answer
    D Syndication Correct Answer Incorrect Answer

    Solution

    Consolidation refers to the process of acquiring or merging with another company to achieve growth or strategic objectives. It allows companies to expand their market presence, diversify their product offerings, or gain access to new technologies and resources through the integration of operations and resources.

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