Apple Develops New IPhones in the United States but Builds

question 102

Multiple Choice

Apple develops new iPhones in the United States but builds them overseas.Which type of integration is this?

• A) conglomerate
• B) vertical
• C) horizontal
• D) forward

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Definitions:

Budgeted Production

The quantity of goods or services that a company plans to produce during a specific period, as determined during budgeting.

Materials Inventory

The raw materials, work-in-process, and finished goods that a company holds at any given time for production.

Credit Sales

Sales made by a business where the payment is deferred to a later date, enabling customers to purchase goods or services on credit.

Cash Receipts

The collection of money, including coins, notes, electronic payments, etc., by a business from its customers or other transactions.