Final answer:
A strategic buyer in M&A focuses on long-term value and synergy with the target company, rather than quick profit orientation, which does not describe a strategic buyer.
Step-by-step explanation:
A strategic buyer in M&A (mergers and acquisitions) is distinguished by their long-term focus and the pursuit of synergies with the target company. These buyers are typically looking to acquire companies that complement their existing business, allowing them to grow and enhance their competitive advantage over time. They often plan to integrate the target into their operations and are willing to assume managerial responsibility. Based on these characteristics, the option that does not describe a strategic buyer is Option 4: Quick profit orientation. Strategic buyers are not typically looking for short-term gains, but rather long-term value creation. In contrast, a quick profit orientation is more aligned with the behavior of financial buyers, such as private equity firms, which may be looking to invest and then divest for a profit in the shorter term.