Economics 0455 · IGCSE · Market structure

Market structure — practice question

In 2015, a major UK company tried to take over a rival US medical company in order to become the world’s leading supplier. Both companies were involved in the manufacture of medicines used to treat rare diseases. Which term would be used to describe the acquisition if it had been successful?

  • Abackwards vertical integration
  • Bconglomerate integration
  • Cforwards vertical integration
  • Dhorizontal integration

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