Expanding into Parallel Products Is Referred to as ______

question 14

Multiple Choice

Expanding into parallel products is referred to as ______.

• A) perpendicular integration
• B) vertical integration
• C) parallel integration
• D) horizontal integration

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Definitions:

Needed Financing

The amount of money required to fund a project, venture, or cover operational expenses not met by current revenues.

Process Innovation

The development and use of new or improved production or distribution methods.

Total Product Curve

A graphical representation showing how the total quantity of output produced by a firm varies with the quantity of a single variable input, holding other inputs constant.

Average Total Cost Curve

A graph that represents the total cost of production (fixed and variable costs combined) divided by the quantity of output produced, at various levels of output.