Backward Integration Describes the Practice of Gaining Control Over Supplies

question 76

True/False

Backward integration describes the practice of gaining control over supplies by acquiring a controlling interest in one or more of a company's major suppliers .

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Definitions:

Serial Monogamy

The practice of engaging in a series of monogamous relationships, where one partnership is followed by another over time.

Marriage

A legally and socially sanctioned union, usually between two individuals, that is regulated by laws, norms, and customs that define rights and duties of the partners.

Social Institutions

Established sets of norms and subsystems that support each society's survival, such as family, education, and government.

American Family

A family unit within the United States, which can vary widely in structure, traditions, and values due to the country's diversity.