Question

Fabotels is a hotel aggregator that buys budget hotels that succumb to financial losses and then refurbishes them under the company's brand name. Fabotels recently purchased Ravine Comforts, a small lodge that was running into huge debts. The business deal between Fabotels and Ravine Comforts exemplifies a(n) _____.

Answer 1

acquisition

Step-by-step explanation:

Acquisition -

It is the method by which , a company takeover most of the shares of another small company , which might be running on huge loss , is referred to as acquisition.

Now, the company has major rights over the smaller company , and can alters things according to their benefit.

Hence, from the question,

The deal between Fabotels and Ravine Comforts is Acquisition .