in the context of portfolio strategy, is the purchase of a company by another company.

Acquisition is the process by which company acquire another company through deals and negotiation. There have been lots of acquisition through the years some have been successful others had become a flop. Acquisition of company is not easy for both company, it requires some thorough planning and management is the biggest deal breaker during acquisition because two company culture may not fit to each other. However, if acquisition is smooth and harmoniously done then it might be the saving grace of the bought company and a new source of income.

The answer is true.they help to better the bargaining position of their members