3. (In case Jim cannot merge with someone) Jim soon realizes that none of his competitors want to merge with him but still facing stiff competition, so he asks you to assist him in acquiring one of the competitors to give him a bigger advantage in the market.

a. Explain to Jim what is an acquisition and then explain to him the different ways he can acquire one of his competitor's company.

b. Explain to Jim what the significance of him acquiring a competitor's company would be in relations to control of the company, decision making,

directors, etc...