Question: Explain whether the following statement is true or false. There is no mark for stating true or false; the mark is awarded for the explanation

Explain whether the following statement is true or false. There is no mark for stating true or false; the mark is awarded for the explanation and the illustration only.
1. Honda has invested $550 million in building an assembly plant in Greensburg, Indiana; IKEA spent nearly $2 billion to open stores in Russia, and South Korea's LG Electronics purchased a 58% stake in Zenith Electronics. All of these are examples of acquisition
2. Suppose that a steel manufacturer headquartered in Japan sets up a subsidiary in Canada to produce steel. This practice is referred to as a vertical integration

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