Examlex
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Vertical Integration
The strategy of a company expanding its operations into different stages of production or distribution within the same industry, often to control the supply chain or reduce costs.
Joint Venture
A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
Reduced Risk
The outcome of actions taken to minimize the probability or impact of uncertain or negative events.
Single Stage Control
A control mechanism in manufacturing or production that is applied at a single point or stage in the production process.
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