Asked by Jendayi Campbell on Jun 21, 2024
Verified
General Electric
A) is the present king of conglomerates.
B) has gone bankrupt.
C) lost a major antitrust suit.
D) was built through horizontal mergers.
General Electric
A multinational conglomerate corporation that operates in various sectors like energy, healthcare, and aviation, known for its innovation and diversified products.
Antitrust Suit
Legal actions taken by governments against companies to prevent monopolistic practices and promote competition in the marketplace.
Horizontal Mergers
Horizontal mergers are business consolidations that occur between companies operating in the same industry, often resulting in a stronger competitive entity.
- Evaluate the importance of mergers and acquisitions in modifying the competitive environment of markets.
Verified Answer
MB
Milav BrahmbhattJun 22, 2024
Final Answer :
A
Explanation :
General Electric is one of the world's largest and most diversified industrial conglomerates, with businesses spanning aviation, power, renewable energy, healthcare, and finance. It is known for its history of successful mergers and acquisitions, including horizontal mergers that have helped it to become the present king of conglomerates. It has not gone bankrupt, lost a major antitrust suit, or been built solely through horizontal mergers.
Learning Objectives
- Evaluate the importance of mergers and acquisitions in modifying the competitive environment of markets.