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:

Humanistic Psychologists

Psychologists that emphasize the study of the whole person, and believe that individuals seek to grow psychologically and continuously enhance themselves.

Social Obligations

Duties or responsibilities to others that arise from societal norms and expectations.

Destructive Behaviors

Actions that are harmful or damaging to oneself or others, often stemming from negative emotions or psychological distress.

Humanistic Theorists

Psychologists who focus on individual potential and stress the importance of growth and self-actualization.