Compare the three different types of corporate combinations and explain why such combinations sometimes take place.

The three different types of corporate combinations are the following: Horizontal, vertical and conglomerate. When it involves companies that are in the same phase of production, this type of combination is called the horizontal combination. Whereas, the vertical combination serves as the merger between companies that involved different phases of production of a product. Lastly, conglomerate combinations deal with merging companies producing unrelated products.

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