A vertical merger occurs when:
a. the products of the merging firms were not related in any manner before the merger.
b. one firm is a producer of products, and the other firm is a producer of services.
c. one firm is a domestic firm, and the other is a foreign company.
d. the firms stood in a buyer-seller relationship before the merger.
e. the merger partners were competitors.
Question 2
The chair of the Board of Governors of the Fed serves:
a. a two-year term that coincides with that of members of Congress.
b. a four-year term.
c. a seven-year term.
d. a fourteen-year term.
e. a six-year term.
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