A-level Paper 1, June 2022Markets and Business Behaviour
A-level Paper 1, June 2022, Q5(a)
Which one of the following best describes the merger of the makers of Fiat cars and Vauxhall cars?
Multiple choice1 mark
Context
The makers of Fiat cars merged with the makers of Vauxhall cars in 2021. Fiat management had aggressively sought a merger to achieve economies of scale. The competition authorities in the EU investigated the merger.
ABackward vertical integration
BForward vertical integration
CHorizontal integration
DOrganic growth
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