Definition 1
The combining of separate companies, functional areas, or product lines, into a single one. Differs from a merger in that a new entity is created in the consolidation.
Definition 2
The process of maturation in some markets whereby smaller companies are acquired or run out of business, leaving only a few dominant players; here also called shakeout.
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'consolidation' appears in the definitions of these other terms on BusinessDictionary.com: consolidation service, supervisory merger, accounting policies, assembly service, business combination, and
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