Joe's Hardware Bought Moe's Hardware on the Other Side of Town

question 125

Multiple Choice

Joe's Hardware bought Moe's hardware on the other side of town. This is an example of ________.

• A) backward integration
• B) forward integration
• C) lateral integration
• D) horizontal integration

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Definitions:

Competitive Advantage

An attribute or combination of attributes that allows an organization to outperform its competitors, including cost structure, product quality, brand, customer service, or technology.

Home-Based Businesses

Enterprises that are operated from the owner's home, often utilizing online and digital tools for operations and marketing.

Capital Base

The amount of capital invested in a business by its owners plus any retained earnings, serving as the financial foundation for growth and operations.

Independent Contractor

A person who is not employed by a business and, unlike employees, is not eligible for a benefit package.