What Is a Backward Integration

question 58

Multiple Choice

What is a backward integration?

• A) The integration of data from multiple sources, which provides a unified view of all data
• B) Taking information entered into a given system and sending it automatically to all downstream systems and processes
• C) Taking information entered into a given system and sending it automatically to all upstream systems and processes
• D) The integration of a company's existing management information systems

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Definitions:

Marginal Expenditure

Additional cost of buying one more unit of a good.

Factor of Production

Resource inputs used in the production of goods and services, typically categorized into land, labor, capital, and sometimes entrepreneurship.

Marginal Revenue Product

The additional revenue generated from using an additional unit of a resource or input.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, holding all other inputs constant.