what is business combination
Answers
Business combination refers to the process through which one business owner of any company acquires control over any other company/s or business organisation/s with the objective to achieve future economic growth and expansion of business operation.
Explanation:
Business combination does not involve acquisition of any item or asset that is non-commercial or not related to the business in any way.Under business organization,the control of the business owner can be legally exercised through official claims over any financial return on business investment conducted through business combination or following the acquisition of the company or companies.Therefore,any return from the joint commercial or business investment following the merger or acquisition can be legally claimed by the owner who is also an investor under business combination.Business combination also entails a joint initiative of all the companies included in the combination in any managerial decision or policy making procedure pertaining to business operation.