When Valero Energy Corp. purchased the chain of retail stores, it was an example of a vertical merger.
Vertical merger can be defined as the process of merging two different companies that manufactures or produced different goods together as one.
Based on the given scenario Valero Energy Corp. purchasing the chain of retail stores is called vertical merging.
Most companies or organization tends to enter in to vertical merging in order to increase sales or to generate more revenue as well as to reduce the cost of production.
Inconclusions when Valero Energy Corp. purchased the chain of retail stores, it was an example of a vertical merger.
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