\documentclass[10pt,a4paper]{article}

% Packages
\usepackage{fancyhdr}           % For header and footer
\usepackage{multicol}           % Allows multicols in tables
\usepackage{tabularx}           % Intelligent column widths
\usepackage{tabulary}           % Used in header and footer
\usepackage{hhline}             % Border under tables
\usepackage{graphicx}           % For images
\usepackage{xcolor}             % For hex colours
%\usepackage[utf8x]{inputenc}    % For unicode character support
\usepackage[T1]{fontenc}        % Without this we get weird character replacements
\usepackage{colortbl}           % For coloured tables
\usepackage{setspace}           % For line height
\usepackage{lastpage}           % Needed for total page number
\usepackage{seqsplit}           % Splits long words.
%\usepackage{opensans}          % Can't make this work so far. Shame. Would be lovely.
\usepackage[normalem]{ulem}     % For underlining links
% Most of the following are not required for the majority
% of cheat sheets but are needed for some symbol support.
\usepackage{amsmath}            % Symbols
\usepackage{MnSymbol}           % Symbols
\usepackage{wasysym}            % Symbols
%\usepackage[english,german,french,spanish,italian]{babel}              % Languages

% Document Info
\author{nelaorav}
\pdfinfo{
  /Title (the-finance-and-growth-of-firms.pdf)
  /Creator (Cheatography)
  /Author (nelaorav)
  /Subject (The Finance and Growth of Firms Cheat Sheet)
}

% Lengths and widths
\addtolength{\textwidth}{6cm}
\addtolength{\textheight}{-1cm}
\addtolength{\hoffset}{-3cm}
\addtolength{\voffset}{-2cm}
\setlength{\tabcolsep}{0.2cm} % Space between columns
\setlength{\headsep}{-12pt} % Reduce space between header and content
\setlength{\headheight}{85pt} % If less, LaTeX automatically increases it
\renewcommand{\footrulewidth}{0pt} % Remove footer line
\renewcommand{\headrulewidth}{0pt} % Remove header line
\renewcommand{\seqinsert}{\ifmmode\allowbreak\else\-\fi} % Hyphens in seqsplit
% This two commands together give roughly
% the right line height in the tables
\renewcommand{\arraystretch}{1.3}
\onehalfspacing

% Commands
\newcommand{\SetRowColor}[1]{\noalign{\gdef\RowColorName{#1}}\rowcolor{\RowColorName}} % Shortcut for row colour
\newcommand{\mymulticolumn}[3]{\multicolumn{#1}{>{\columncolor{\RowColorName}}#2}{#3}} % For coloured multi-cols
\newcolumntype{x}[1]{>{\raggedright}p{#1}} % New column types for ragged-right paragraph columns
\newcommand{\tn}{\tabularnewline} % Required as custom column type in use

% Font and Colours
\definecolor{HeadBackground}{HTML}{333333}
\definecolor{FootBackground}{HTML}{666666}
\definecolor{TextColor}{HTML}{333333}
\definecolor{DarkBackground}{HTML}{AA6F73}
\definecolor{LightBackground}{HTML}{F9F6F6}
\renewcommand{\familydefault}{\sfdefault}
\color{TextColor}

% Header and Footer
\pagestyle{fancy}
\fancyhead{} % Set header to blank
\fancyfoot{} % Set footer to blank
\fancyhead[L]{
\noindent
\begin{multicols}{3}
\begin{tabulary}{5.8cm}{C}
    \SetRowColor{DarkBackground}
    \vspace{-7pt}
    {\parbox{\dimexpr\textwidth-2\fboxsep\relax}{\noindent
        \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}}
    }
\end{tabulary}
\columnbreak
\begin{tabulary}{11cm}{L}
    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{The Finance and Growth of Firms Cheat Sheet}}}} \\
    \normalsize{by \textcolor{DarkBackground}{nelaorav} via \textcolor{DarkBackground}{\uline{cheatography.com/167833/cs/35880/}}}
\end{tabulary}
\end{multicols}}

\fancyfoot[L]{ \footnotesize
\noindent
\begin{multicols}{3}
\begin{tabulary}{5.8cm}{LL}
  \SetRowColor{FootBackground}
  \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}}  \\
  \vspace{-2pt}nelaorav \\
  \uline{cheatography.com/nelaorav} \\
  \end{tabulary}
\vfill
\columnbreak
\begin{tabulary}{5.8cm}{L}
  \SetRowColor{FootBackground}
  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}}  \\
   \vspace{-2pt}Not Yet Published.\\
   Updated 4th December, 2022.\\
   Page {\thepage} of \pageref{LastPage}.
\end{tabulary}
\vfill
\columnbreak
\begin{tabulary}{5.8cm}{L}
  \SetRowColor{FootBackground}
  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Sponsor}}  \\
  \SetRowColor{white}
  \vspace{-5pt}
  %\includegraphics[width=48px,height=48px]{dave.jpeg}
  Measure your website readability!\\
  www.readability-score.com
\end{tabulary}
\end{multicols}}




\begin{document}
\raggedright
\raggedcolumns

% Set font size to small. Switch to any value
% from this page to resize cheat sheet text:
% www.emerson.emory.edu/services/latex/latex_169.html
\footnotesize % Small font.

\begin{multicols*}{3}

\begin{tabularx}{5.377cm}{x{1.54287 cm} x{3.43413 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Capital}}  \tn
% Row 0
\SetRowColor{LightBackground}
{\bf{{\emph{loan capital}}}} & consists of those funds borrowed from a variety of financial institutions \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
{\bf{{\emph{risk capital}}}} & is raised by the sales of shares in the ownership of a company \tn 
% Row Count 6 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{2.33919 cm} x{2.63781 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Borrowing money}}  \tn
% Row 0
\SetRowColor{LightBackground}
{\bf{{\emph{interest}}}} & the cost of borrowing money \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
{\bf{{\emph{Why do banks charge interest?}}}} & lenders (banks) take it for the risk of lending money and their inability to use the money anywhere else while the borrower uses it \tn 
% Row Count 9 (+ 7)
% Row 2
\SetRowColor{LightBackground}
{\bf{{\emph{security/collateral}}}} & assetes that borrowers offer the lenders to cover for the repayment of a loan in case their business fails and the are unable to repay it; afterwards the lender seizes the collateral \tn 
% Row Count 18 (+ 9)
% Row 3
\SetRowColor{white}
{\bf{{\emph{Where to borrow money?}}}} & {\bf{commercial banks}} - banks checks the borrowers ability to repay, reputation, how much they are asking for, and the purpose of using the money and afterwards decides whether they will give the money to the firm with interest \tn 
% Row Count 29 (+ 11)
% Row 4
\SetRowColor{LightBackground}
 & {\bf{specialists banks}} - specialize on risky clients (start ups); money lend to such firms is known as {\bf{venture capital}}, higher riske = higher IR \tn 
% Row Count 36 (+ 7)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{x{2.33919 cm} x{2.63781 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Borrowing money (cont)}}  \tn
% Row 5
\SetRowColor{LightBackground}
 & {\bf{international banks and markets}} - multinationals, in return for a loan a company issues and Eurobond (which is in different currency than euro) - it is a promise to repay the sum of interest each year and to repay the loan in full at a fixed date in the future - Eurobond may be bought and soldn on international financial markets \tn 
% Row Count 16 (+ 16)
% Row 6
\SetRowColor{white}
 & {\bf{the government}} - gov. lends money to industry to create jobs, offers loans to areas with low employment \tn 
% Row Count 22 (+ 6)
% Row 7
\SetRowColor{LightBackground}
 & {\bf{hire purchase}} - the price of an asset is paid in deposits (splátky) \tn 
% Row Count 26 (+ 4)
% Row 8
\SetRowColor{white}
 & {\bf{leasing}} - firm pays for the equipment as long as they need it; the assets will never be theirs \tn 
% Row Count 31 (+ 5)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{x{2.33919 cm} x{2.63781 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Borrowing money (cont)}}  \tn
% Row 9
\SetRowColor{LightBackground}
 & {\bf{trade credit}} - a firm buys an assets using invoice and they ralize they need more time to pay for it so they ask the supplier to post-pone their payment, of course with an interest \tn 
% Row Count 9 (+ 9)
% Row 10
\SetRowColor{white}
 & {\bf{{\emph{except borrowing we can also use retained profits and obtain funds from other financial institutions - pension funds and insurance companies, building societies, trusts (investment trust) or issuing securities}}}} \tn 
% Row Count 20 (+ 11)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{1.74195 cm} x{3.23505 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{How trust work?}}  \tn
% Row 0
\SetRowColor{LightBackground}
{\bf{{\emph{trust}}}} & a form of collective investment \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
{\bf{{\emph{investment trust}}}} & PLC \tn 
% Row Count 4 (+ 2)
% Row 2
\SetRowColor{LightBackground}
 & PLC purpose is to buy shares in other companies on behalf of their investors, theyy buy shares they think will be profitable and so use the deposited money \tn 
% Row Count 10 (+ 6)
% Row 3
\SetRowColor{white}
 & {\bf{investors - trust - buying assets form investors' money}} \tn 
% Row Count 13 (+ 3)
% Row 4
\SetRowColor{LightBackground}
 & the risk is the initial capital may not be the same as the final since the market prices of assets are constantly changing \tn 
% Row Count 18 (+ 5)
% Row 5
\SetRowColor{white}
 & when I no longer want them I can sell them \tn 
% Row Count 20 (+ 2)
% Row 6
\SetRowColor{LightBackground}
{\bf{{\emph{unit trust}}}} & doesn't have a fixed form (právnu formu) \tn 
% Row Count 22 (+ 2)
% Row 7
\SetRowColor{white}
 & they do not emit shares but {\bf{units}} \tn 
% Row Count 24 (+ 2)
% Row 8
\SetRowColor{LightBackground}
 & there is no limit to how much units one person can own \tn 
% Row Count 27 (+ 3)
% Row 9
\SetRowColor{white}
 & they use the money put in trust in different aspects, so there is lower risk of losing everythink you put in \tn 
% Row Count 32 (+ 5)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{x{1.74195 cm} x{3.23505 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{How trust work? (cont)}}  \tn
% Row 10
\SetRowColor{LightBackground}
 & if I no longer want to own units I have to return them (cannot sell them) \tn 
% Row Count 3 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{1.94103 cm} x{3.03597 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Issuing securities}}  \tn
% Row 0
\SetRowColor{LightBackground}
{\bf{{\emph{debentures}}}} & PLC can raise moeny by issuing debentures or loan stock on the SE Market \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
 & is an IOU issued by a plc in return for a loan of money \tn 
% Row Count 6 (+ 3)
% Row 2
\SetRowColor{LightBackground}
 & person who lent moeny to a company and holds a debenture receives a fixed rate of interest each year for as long as the loan is designed to last; at the end of the period the loan is fully repaid \tn 
% Row Count 15 (+ 9)
% Row 3
\SetRowColor{white}
 & if the holder of the debenture wishes to get the money sooner they can sell the debenture on stock exchange market \tn 
% Row Count 20 (+ 5)
% Row 4
\SetRowColor{LightBackground}
{\bf{{\emph{shares}}}} & bought and sold on SEM \tn 
% Row Count 21 (+ 1)
% Row 5
\SetRowColor{white}
{\bf{ways of selling shares}} & {\bf{by prospectus}} - a firm issues shares and announces an invitatioin for anyone who wants to buy the shares, it contains the full details about the company, their future plans, etc. \tn 
% Row Count 29 (+ 8)
% Row 6
\SetRowColor{LightBackground}
 & {\bf{by offer for sale}} - issuing house buys all the shares and sells it on its behlaf to general public \tn 
% Row Count 34 (+ 5)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{x{1.94103 cm} x{3.03597 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Issuing securities (cont)}}  \tn
% Row 7
\SetRowColor{LightBackground}
 & {\bf{by placing}} - issuing house only helps with selling the shares e. g. offers the to its clients, but it does not sell it for the firm \tn 
% Row Count 6 (+ 6)
% Row 8
\SetRowColor{white}
 & {\bf{by a rights issue}} - company offers new shares to owners who already own their shares but in such amount that they will keep the percentage \tn 
% Row Count 12 (+ 6)
% Row 9
\SetRowColor{LightBackground}
 & {\bf{by tender}} - people blindy bid on a share up to a certain date and on that day the envelope with the highest amount wins \tn 
% Row Count 18 (+ 6)
% Row 10
\SetRowColor{white}
{\bf{types of shares}} & {\bf{{\emph{preferance share}}}} - owners get repaid a fixed return or dividend \tn 
% Row Count 21 (+ 3)
% Row 11
\SetRowColor{LightBackground}
 & they are paid as the first \tn 
% Row Count 23 (+ 2)
% Row 12
\SetRowColor{white}
 & the cannot vote \tn 
% Row Count 24 (+ 1)
% Row 13
\SetRowColor{LightBackground}
 & {\bf{cumulative preferance shares}} - profits not paid in one year will be paid in later years \tn 
% Row Count 28 (+ 4)
% Row 14
\SetRowColor{white}
 & {\bf{participating preferance shares}} - receive sum out of profit with a fixed amount after other shareholders have been paid the dividend \tn 
% Row Count 34 (+ 6)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{x{1.94103 cm} x{3.03597 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Issuing securities (cont)}}  \tn
% Row 15
\SetRowColor{LightBackground}
 & {\bf{{\emph{ordinary shares}}}} - shareholders receive dividend based upon what is left from profits after debenture holders and preferance shareholder have been paid their share \tn 
% Row Count 7 (+ 7)
% Row 16
\SetRowColor{white}
 & they can vote \tn 
% Row Count 8 (+ 1)
% Row 17
\SetRowColor{LightBackground}
 & a wide variety of things influences their cut on bonuses \tn 
% Row Count 11 (+ 3)
% Row 18
\SetRowColor{white}
{\bf{Government stock}} & not very popular nowadays \tn 
% Row Count 13 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{2.14011 cm} x{2.83689 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{The Stock Exchange}}  \tn
% Row 0
\SetRowColor{LightBackground}
{\bf{{\emph{SEM}}}} & runs markets for bying and selling new and second hand sotcks and shares or securities \tn 
% Row Count 4 (+ 4)
% Row 1
\SetRowColor{white}
{\bf{the markets for securities}} & {\bf{the equity market}} - deals with buying and selling of securities in thoussands of large plc securities, A listed company is one that has been allowed by the council to sell its shares on the SE \tn 
% Row Count 13 (+ 9)
% Row 2
\SetRowColor{LightBackground}
 & {\bf{the international equity market}} - deals with the shares of international companies \tn 
% Row Count 17 (+ 4)
% Row 3
\SetRowColor{white}
 & {\bf{the quilt-edged market}} - deals with g-e securities \tn 
% Row Count 20 (+ 3)
% Row 4
\SetRowColor{LightBackground}
 & {\bf{fixed interest or bond market}} - can borrow moeny directly from the public by selling them fixed-interest securities or bonds \tn 
% Row Count 26 (+ 6)
% Row 5
\SetRowColor{white}
 & {\bf{the alternative investment market}} - market for shares in small and growing companies \tn 
% Row Count 30 (+ 4)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{2.4885 cm} x{2.4885 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{How SE works}}  \tn
% Row 0
\SetRowColor{LightBackground}
{\bf{SE}} & is not open to general public \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
 & if a member of the public wishes to buy or sell some shares they must contact a share dealing rom which is a member of SE and they will buy and sell shares for the public for a commission \tn 
% Row Count 12 (+ 10)
% Row 2
\SetRowColor{LightBackground}
{\bf{Electronic dealing in the shares of the largest companies}} & buyer and sellers of shares place their orhers on the computer "order book" stating shich shares and at what price they wish to buy or sell \tn 
% Row Count 19 (+ 7)
% Row 3
\SetRowColor{white}
 & if a match is found the transaction will be carried out immediately \tn 
% Row Count 23 (+ 4)
% Row 4
\SetRowColor{LightBackground}
{\bf{{\emph{commands}}}} & {\bf{a limit}} - buyer states the firm and an exact summ at what they want to buy the share \tn 
% Row Count 28 (+ 5)
% Row 5
\SetRowColor{white}
 & {\bf{at best}} - customers enter their orders and agree to the system to carry out the transaction at the lowest price (risky - we don't know the summ) \tn 
% Row Count 36 (+ 8)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{x{2.4885 cm} x{2.4885 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{How SE works (cont)}}  \tn
% Row 6
\SetRowColor{LightBackground}
 & {\bf{fill or kill}} - orders are carried out immediately or rejected by the system \tn 
% Row Count 4 (+ 4)
% Row 7
\SetRowColor{white}
 & {\bf{execute and eliminate}} - similar to 'at best' but the limits are placed on the price range that will be accepted by the traders \tn 
% Row Count 11 (+ 7)
% Row 8
\SetRowColor{LightBackground}
{\bf{{\emph{speculations}}}} & {\bf{bulls}} - people/firms who buy shares in hope their price will rise, so they can make more profit \tn 
% Row Count 16 (+ 5)
% Row 9
\SetRowColor{white}
 & {\bf{bears}} - people/firms who sell shares in the hope their price will fall, so they can buy them cheaper some time later and earn profit \tn 
% Row Count 23 (+ 7)
% Row 10
\SetRowColor{LightBackground}
 & {\bf{stags}} - people/firms who apply to buy up newly issued shares in the hope their price will rise quickly \tn 
% Row Count 29 (+ 6)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{1.84149 cm} x{3.13551 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{The growth of firms}}  \tn
% Row 0
\SetRowColor{LightBackground}
{\bf{{\emph{types of growth}}}} & {\bf{internal growth}} \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
 & {\bf{external growth}} - more firms join together to form a larger enterprise \tn 
% Row Count 5 (+ 3)
% Row 2
\SetRowColor{LightBackground}
{\bf{{\emph{integration}}}} & involves the merger or the takeover (acquisition) \tn 
% Row Count 7 (+ 2)
% Row 3
\SetRowColor{white}
 & {\bf{take-over (acquisition)}} - one company buys at least 50\% of the shares of another company, so it can take over the control; the over-taken company often loses its own identity \tn 
% Row Count 15 (+ 8)
% Row 4
\SetRowColor{LightBackground}
 & {\bf{merger}} - two or more firms join together to form a new enterprise;it is done by shareholders of the two or more companies exchanging their shares for the new ones in the new company \tn 
% Row Count 23 (+ 8)
% Row 5
\SetRowColor{white}
{\bf{{\emph{holding companies}}}} & a company formed for the sole purpose of buying up the share in the ownership of a number of other companies \tn 
% Row Count 28 (+ 5)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{5.377cm}{x{2.04057 cm} x{2.93643 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Types of intergration}}  \tn
% Row 0
\SetRowColor{LightBackground}
{\bf{{\emph{horizontal integration}}}} & firms engaged in the production of the same or similar ty of Gs\&Ss (the same suppliers, production process, etc.) \tn 
% Row Count 5 (+ 5)
% Row 1
\SetRowColor{white}
 & + combined business will have a larger market share \tn 
% Row Count 8 (+ 3)
% Row 2
\SetRowColor{LightBackground}
 & + it will reduce the number of competitors \tn 
% Row Count 10 (+ 2)
% Row 3
\SetRowColor{white}
 & + integrated firms may have cost advantages due to their combined size \tn 
% Row Count 14 (+ 4)
% Row 4
\SetRowColor{LightBackground}
{\bf{{\emph{vertical integration}}}} & firms engaged in different stages of production combibe \tn 
% Row Count 17 (+ 3)
% Row 5
\SetRowColor{white}
 & {\bf{forward integration}} - when a company takes over a firm which is next in their production process (wine producer takes over the wine shop) \tn 
% Row Count 24 (+ 7)
% Row 6
\SetRowColor{LightBackground}
 & {\bf{backward integration}} - when a company takes over a firm which is previou in their production process (wine producer takes over a grapes producer) \tn 
% Row Count 31 (+ 7)
\end{tabularx}
\par\addvspace{1.3em}

\vfill
\columnbreak
\begin{tabularx}{5.377cm}{x{2.04057 cm} x{2.93643 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Types of intergration (cont)}}  \tn
% Row 7
\SetRowColor{LightBackground}
{\bf{{\emph{lateral integration}}}} & firms which are unrelated combine together \tn 
% Row Count 2 (+ 2)
% Row 8
\SetRowColor{white}
 & this is known as {\bf{conglomerate merger to form conglomerates}} in order to produce a wide range of different products \tn 
% Row Count 8 (+ 6)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}


% That's all folks
\end{multicols*}

\end{document}