Answer:
It is a slow means to enter new markets and acquire skills and competences.
Explanation:
There are several limitations of mergers and acquisitions including that takeover premiums paid for acquisitions are typically very high, competing firms often can imitate any advantages or copy synergies that result from the merger or acquisition, manager egos sometimes get in the way of sound business decisions, and cultural issues may doom the intended benefits from merger and acquisitions endeavors.