Question

TELUS starts its own Canadian bank. This is an example of what?

A) Vertical integration
B) Horizontal integration
C) Conglomerate
D) Not related

Answer 1

When TELUS starts its own Canadian bank, it is an example of a conglomerate. A conglomerate is a type of merger where a firm owns at least four businesses that make unrelated products.

Step-by-step explanation:

The correct answer is C) Conglomerate. When TELUS starts its own Canadian bank, it is an example of a conglomerate. A conglomerate is a type of merger where a firm owns at least four businesses that make unrelated products.

In this case, TELUS, which is a telecommunications company, is diversifying its business by entering the banking industry, which is unrelated to its core operations.