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Foundations Of Financial Management
Found in: Page 647
Foundations Of Financial Management

Foundations Of Financial Management

Book edition 16th
Author(s) Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
Pages 768 pages
ISBN 9781259277160

Short Answer

Name three industries in which mergers have been prominent

Answer

Airlines, telecommunications, and banking

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Step by Step Solution

Step-by-Step-SolutionStep 1: Definition of merger

A merger is a business activity in which two or more companies combine together and run in the name of the acquiring company.

Step 2: Explanation on industries

The airline industry refers to the group of companies that are engaged in air transportation business.

The telecommunication industry refers to the group of companies that are engaged in services such as satellite service, internet service, telephone services, etc.

The banking industry refers to the group of companies that are engaged in the business of payment, cash receipts and checks, and provide financial services to consumers.

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