Home  | Term of the Day | |||
| consolidation [list="padding:0 0 0 19px"] [*]The combining of separate companies, functional areas, or product lines, into a single one. Differs from a merger in that a new entity is created in the consolidation. [*]The process of maturation in some markets whereby smaller companies are acquired or run out of business, leaving only a few dominant players; here also called shakeout. [/list] | ||||
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| Usage Example The company decided to create a consolidation of their food and beverage departments, to form a new edible goods department. | ||||
Term of the Day
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Join date : 2013-01-12
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