Vertical Integration Exists When a Company Produces Its Own Inputs

question 59

True/False

Vertical integration exists when a company produces its own inputs (backward integration) or owns its own source of output distribution (forward integration).

---

Definitions:

Hierarchy Of Importance

A ranking system that establishes priorities based on the relevance or significance of elements within a structure or system.

Motivators

Factors that stimulate desire, energy in people to be continuously interested and committed to a job, role or subject, or to make an effort to attain a goal.

Wants

Desires or wishes for goods, services, or conditions, not essential for basic survival but considered as additional comfort or luxury.

Job Enlargement

The process of increasing the number and variety of tasks that an employee performs to enhance job satisfaction.