QQuestionBusiness Law
QuestionBusiness Law
Which of the following is an example of vertical integration?
A. Purchasing competitors
B. Purchasing suppliers
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Answer
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Step 1I'll solve this problem step by step:
Step 2: Understanding Vertical Integration
Vertical integration is a business strategy where a company expands its operations to control multiple stages of its production or distribution process. This typically involves acquiring businesses either up or down the supply chain.
Final Answer
Purchasing suppliers is an example of vertical integration. Key Insights: - Vertical integration helps companies control more stages of production - It can reduce dependency on external suppliers - It can potentially lower costs and improve supply chain efficiency
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