The Reason That Most Food Processing Firms Do Not Backward

question 29

Multiple Choice

The reason that most food processing firms do not backward integrate into farming is that:

• A)Most food products are supplier through competitive markets where transaction costs are low
• B)Farming and food processing are strategically dissimilar businesses
• C)Both of these
• D)Neither of these

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Definitions:

Average Age

The mean age of a particular group or population, calculated by adding the ages of all individuals and dividing by the number of individuals.

Primary Sex Characteristics

The main organs and structures directly involved in reproduction, including the ovaries in females and the testes in males, present from birth.

Secondary Sex Characteristics

Physical features that emerge during puberty which distinguish the sexes but are not directly involved in reproduction, such as breast development in females and facial hair in males.

Female Breasts

Glandular organs on the chest of females that are capable of producing milk for breastfeeding, also playing a role in sexual attraction.