Controlling Part of the Supply Chain That Involves Finished Product

question 36

Multiple Choice

Controlling part of the supply chain that involves finished product storage, outbound logistics, marketing and sales, and customer service constitutes _____.

• A) reverse management
• B) horizontal integration
• C) downstream management
• D) backward integration

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Definitions:

Wal-Mart Stores

A global retail company managing a series of supercenters, budget department stores, and supermarkets.

Probate

The legal process of verifying a deceased person's will and administering their estate.

Personal Exemption

A specific amount that taxpayers could previously subtract from their gross income for themselves and each of their dependents. Note: As of my last update, changes in tax law may have affected this term.

Estate Income Tax

A tax imposed on the income generated by an estate during the period of administration.