1. Differentiate mergers and acquisitions from wholly-owned subsidiaries and illustrate the advantages and disadvantages of these growth strate- gies. 2 Analyse the ice cream market in Canada and illustrate what kind of syn- ergy effects the acquisition of Ault had for Nestle. 3. Compare the expansion strategies of Nestle and Danone and point out which processes and organisational structures are important to create new subsidiaries in foreign countries