One of the Earliest,largest and Most Famous Examples of Vertical

question 62

Multiple Choice

One of the earliest,largest and most famous examples of vertical integration was the Carnegie Steel Company.The company controlled not only the mills where the steel was manufactured but also the mines where the iron ore was extracted,the coal mines that supplied the coal,the ships that transported the iron ore and the railroads that transported the coal to the factory.Carnegie Steel has a(n) _____ channel relationship.

• A) Arm's-Length
• B) functional
• C) cooperative
• D) hierarchical
• E) integrated

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Definitions:

Law of Immediate Reinforcement

A principle stating that a behavior is more likely to be repeated if it is followed immediately by a positive reinforcement.

Contingent Reinforcement

A behavioral strategy that delivers rewards or consequences based on the occurrence of specific behaviors, aiming to modify those behaviors.

Positive Reinforcement

A psychological concept involving the addition of a rewarding stimulus following a desired behavior to increase the likelihood of its recurrence.

Punishment

Discourages a behaviour by making an unpleasant consequence contingent on its occurrence.