A vertical merger involves a combining of one or more firms

A) as the result of one firm purchasing the assets of the other.
B) that are operating in entirely different industries.
C) operating at different stages of the production process in a particular industry.
D) operating at the same stage of the production process.

Vertical Merger

The combination of two or more companies that operate at different stages within the production process of a good or service.

Production Process

The method or steps taken to transform raw materials into finished goods or services, encompassing both physical operations and planning.

Operating Stages

The phases through which a business or a production process goes, typically including startup, growth, maturity, and possibly decline.