A Company Has Started to Produce Machinery for Use in the Production

question 49

Multiple Choice

A company has started to produce machinery for use in the production of its main product range. What type of related diversification is this?

• A) Backward integration
• B) Forward integration
• C) Unrelated integration
• D) Horizontal integration

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Definitions:

John Locke

John Locke was a 17th-century English philosopher and political theorist who laid much of the groundwork for the Enlightenment, emphasizing the rights of individuals and the notion of a social contract.

Experience

The knowledge or skill acquired by a person through direct participation in events or activities, typically leading to an increase in wisdom or expertise.

Mead

A fermented beverage made from honey, water, and sometimes various fruits, spices, grains, or hops.

Communication

The process of exchanging information, ideas, and feelings through verbal, written, or non-verbal methods.