Asked by Sayuri Yamane on Jun 26, 2024
Verified
When two firms in one industry join together to hold a greater share of the industry, it represents a consolidation.
Consolidation
The process of combining multiple entities, assets, or processes into a single, more efficient structure.
Industry Share
A measure of the proportion of the market that a company or a sector holds relative to its competitors, usually expressed as a percentage.
- Identify the importance of human resource management (HRM) in the context of mergers, acquisitions, and downsizing activities.
Verified Answer
GG
Gerrell GuppyJun 28, 2024
Final Answer :
True
Explanation :
When two firms join together to hold a greater share of the industry, they are consolidating their resources and power in the market. This is known as a consolidation or merger.
Learning Objectives
- Identify the importance of human resource management (HRM) in the context of mergers, acquisitions, and downsizing activities.
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