Two Companies That Both Sell Fine Timepieces Combine

question 3

Multiple Choice

Two companies that both sell fine timepieces combine.What are they doing?

• A)diversifying, because they both sell the same products
• B)integrating vertically, because they both sell the same products
• C)integrating vertically in a backward direction, because they are sharing distribution
• D)integrating horizontally, because they both sell similar products

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Definitions:

Million BTUs

Million British Thermal Units (BTUs) is a unit of energy measurement, equivalent to the amount of energy needed to heat or cool one million pounds of water by one degree Fahrenheit.

Energy Efficiency

The use of technology or practices that reduce the amount of energy required to provide products and services.

ACME Corporation

A fictional company often used as a generic example in discussions or illustrations of business concepts.

Resource Demand

The desire and ability of firms to acquire economic resources or inputs like labor, technology, and raw materials, influenced by the price of these resources and the level of economic output.