O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2024 · Q151 Mark

A clothing manufacturer expands by taking over a clothing retailer. Which type of merger is this?

Abackward vertical

Bconglomerate

Cforward vertical

Dhorizontal

✓ Correct answer

C: forward vertical

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2024 Paper 1 Variant 1, question 15.

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