In Vertical Integration, Backward Integration Occurs When a Firm

question 28

Multiple Choice

 In vertical integration, backward integration occurs when a firm

• A) owns or controls the inputs it uses.
• B) owns the distribution channels for its main products.
• C) controls the primary activities involved.
• D) controls the customers for its products.

---

Definitions:

Interneurons

A type of neuron that serves the role of communication between sensory neurons and motor neurons, mostly located within the central nervous system.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for action by triggering the fight or flight response.

Neurotransmitter

Biochemical substances that facilitate communication between neurons in the nervous system by transmitting signals across synapses.

Serotonin

A neurotransmitter that plays a key role in mood regulation, digestion, sleep, and other bodily functions.