Question

GreyWing Products Inc., a large conglomerate, took over a small startup company that had made some breakthrough innovations in the field of telecommunications. This purchase would help GreyWing Products to gain access to the startup company's superior technology and human capital. This transaction is an example of a(n):

A. cartel.
B. joint venture.
C.acquisition.
D. affiliate leadership.

Answer 1

The correct answer is letter C

Explanation: Acquisition of a company is the operation by which one company is absorbed by another, which succeeds in all rights and obligations.