Merger of two competing businesses to become one entity is typically referred to as?

The merger of two competing businesses to become one entity is typically referred to as a merger. This process involves two firms combining to form a new organization, allowing them to compete more effectively in the market by pooling resources, talents, and capabilities. The new entity often aims to achieve economies of scale, reduce competition, and enhance market share through increased operational efficiency.

Harvesting generally refers to strategies employed by entrepreneurs to extract value from a business, such as selling it or reducing investment while maximizing cash flow. Cooperation involves working together towards common goals, but it does not imply the formation of a new entity as in a merger. Acquisition involves one company purchasing another, which may not result in the two firms genuinely merging into a single new entity but rather the continuation of one firm under the ownership of another.