A Large Fabricator of Building Components Purchased a Steel Company

question 39

Multiple Choice

A large fabricator of building components purchased a steel company to provide raw materials for its production process. This is an example of

• A) backward integration.
• B) economies of scale.
• C) forward integration.
• D) product differentiation.

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Definitions:

Hidden Agendas

Unstated or secret goals that motivate behavior, often at odds with the declared or apparent intentions.

Private Motives

The personal or hidden reasons behind an individual's actions or decisions.

Nonverbal Messages

Communication conveyed without words, through gestures, body language, facial expressions, and other visual cues.

Tools And Technology

Equipment, gadgets, and modern technological systems used to perform tasks more efficiently and effectively.