When a Retailer Owns a Manufacturing Operation, It Is Referred

question 234

Multiple Choice

When a retailer owns a manufacturing operation, it is referred to as

• A) forward integration.
• B) lateral integration.
• C) a joint venture.
• D) horizontal integration.
• E) backward integration.

Recognize the importance of ethical decision-making in counseling and the steps involved.

Identify the ethical standards related to competence, informed consent, and assessment in counseling.

Understand the principles of beneficence, nonmaleficence, justice, and autonomy in ethical counseling practice.

Recognize the legal and ethical obligations of counselors in the selection and administration of assessments.

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Definitions:

Division of Labor

The allocation of different parts of a manufacturing process or task to different people to improve efficiency and productivity.

Repetitive Tasks

Activities or processes that are performed in the same manner repeatedly over a period of time.

Capitalism

A system where the production means are privately owned and goods or services are produced for profit.

Manufacturing

The process of using raw materials, labor, and machinery to produce goods on a large scale for consumption or further use in other industries.