A Firm That Expands by Producing Its Own Raw Materials

question 11

Multiple Choice

A firm that expands by producing its own raw materials or acquiring a retail outlet to sell its own products is most likely using a strategy of ________.

• A)consolidation
• B)geographic expansion
• C)vertical integration
• D)regional diversification

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Definitions:

Expressed Powers

Specific powers granted to the government or its branches explicitly mentioned in the Constitution.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing certain rights and freedoms to American citizens.

Excessive Democracy

A theory that suggests too much direct participation or decision-making power in the hands of the public can lead to instability in governance.

State Legislatures

The legislative bodies of individual states in a federal system, responsible for enacting state laws and policies.