4 Nick and Lucy, owners of two hair salons, have combined their resources to form a new company called Nick & Lucy's Hair. Which of thefollowing strategies would this represent?Oa combinationOb retrenchmentOc acquistionOd merger

Combining two businesses helps in growth because it basically merges skills, resources, etc.

Answered: Nick and Lucy, owners of two hair…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Nick and Lucy, owners of two hair salons, have combined their resources to form a new company called Nick & Lucy's Hair. Which of the following strategies would this represent? Oa combination Ob retrenchment Oc acquistion Od merger