Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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of why not?
Countries like the United States that have a high standard of living are referred to as
industrialized nations. Countries with a lower standard of living and quality of life are
called developing countries (or sometimes underdeveloped or less-developed countries).
What factors often prevent developing nations from becoming industrialized nations?
What can business
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Transcribed Image Text:of why not? Countries like the United States that have a high standard of living are referred to as industrialized nations. Countries with a lower standard of living and quality of life are called developing countries (or sometimes underdeveloped or less-developed countries). What factors often prevent developing nations from becoming industrialized nations? What can business
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Step 1 Introduction

Business expansion and growth are significant for the survival of operations and activities. Today, when there are lot many giant players in the market, it becomes important for organizations to acquire or merge with other competing firms so that the players hold a dominant position in the market and avoid unnecessary competition. Businesses also adopt these strategies to continue their survival and existence in the market and industry. Mergers and acquisitions involve huge restructuring and plans, therefore, these activities must be planned to avoid situations of failed collaboration, conflict in the management of the two, the difference in operations, etc. The management of both companies must have a prior set of plan and activities that reduces the degree of risk and uncertainty while confirming the success of collaboration at the same time. 

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