JAMB - Commerce (2015 - No. 32)
The measure of independence available to the individual business units that come together is the main difference between
vertical and horizontal integration
Mergers and Acquisition
Consortium and imagination
Trust and Cartel
Explication
In a merger, two or more business enterprises come together to form one big entity and may retain some level of independence, while an acquisition is a total take over of a firm usually by a bigger firm.