If Production Technological Interdependency Exists, The______ Integration of the Successive

question 52

Multiple Choice

If production technological interdependency exists, the______ integration of the successive production stages______ production costs.

• A)vertical; can reduce
• B)horizontal; can reduce
• C)horizontal; doubles
• D)vertical; increases

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Definitions:

Concentrated Industries

Industries where a few companies dominate the market share, resulting in less competition and potentially higher prices for consumers.

Innovative Firms

Companies that focus on developing new products, services, or processes, driving change and progress within their industries through innovation.

Violin Strings

The stretched cords made of various materials like gut, steel, or synthetic that, when vibrated, produce sound in a violin.

Sheep Intestines

Traditionally used in the manufacturing of natural sausage casings and also in the production of strings for musical instruments.