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quester [9]
2 years ago
9

Dragonfly, publisher of children's books, has purchased White Rabbit, another publisher of children's books. Both companies' boo

ks are sold to the same retail stores and schools. Their content is different because Dragonfly produces children's literature, whereas White Rabbit focuses on child-level nonfiction scientific and nature topics. Which of the following statements is probably true about this acquisition?
A. This is a horizontal acquisition.
B. This is an example of virtual integration.
C. Dragonfly is beginning to build a conglomerate.
D. Economies of scope are unlikely to result from this acquisition.
Business
1 answer:
Serggg [28]2 years ago
4 0

Answer:

C.

Explanation:

conglomerate is a thing consisting of a number of different and distinct parts or items that are grouped together.

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One way of implementing exchange control is for all foreign currency to go through the Central bank of the country. Should a citizen need access to foreign currency, they would need to apply to the central bank to access it. With India having an exchange control system, the Reserve Bank of India keeps all foreign currency and Advika would have to apply for it should she need it.

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