If a Car Assembly Operation Were to Buy a Component

question 17

Multiple Choice

If a car assembly operation were to buy a component maker this is a form of:

• A) Upstream integration
• B) Downstream integration

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Definitions:

Retail Business

A type of business that sells goods directly to consumers, typically operating from physical locations or through online platforms.

Manufacturing Business

A type of business that produces finished goods from raw materials by using various processes, machinery, and operations.

Financial Accounting

The field of accounting focused on the summary, analysis, and reporting of financial transactions related to a business.

Managerial Accounting

Refers to the process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of an organization's goals.