When two friends who own a lawn care business end up buying another local lawn care to double the number of their customers, it is known as an example of horizontal consolidation. Therefore, the option D holds true.
Horizontal consolidation can be referred to or considered as a consolidation technique in which a firm buys another firm that is involved in a similar business as a method of maximizing its profits and market capitalization at the same time.
In the example or the condition given above, it can clearly be inferred that two friends have bought a local lawn firm that was involved in similar business activities as theirs. Thus, they can be said to have performed horizontal consolidation.
Therefore, the option D holds true and states regarding the significance of horizontal consolidation.
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