A Firm That Backward Vertically Integrates

question 32

Multiple Choice

A firm that backward vertically integrates

• A)moves downstream in the production process.
• B)requires that the production process be relatively simple.
• C)has to merge with another firm.
• D)may be producing its own inputs.

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Definitions:

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business organization, influencing how employees interact and work.

Long-Term Orientation

A cultural or organizational perspective that emphasizes planning and working towards future rewards and outcomes, rather than seeking immediate results.

HR Activities

Functions and tasks undertaken by the human resources department, including recruitment, training, performance management, and compensation.

Outsourcing

The practice of hiring external organizations or individuals to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.