Which of These Strategies Is Effective When the Number of Suppliers

question 91

Multiple Choice

Which of these strategies is effective when the number of suppliers is small and the number of competitors is large?

• A) Conglomerate diversification
• B) Forward integration
• C) Concentric diversification
• D) Backward integration
• E) Horizontal diversification

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Definitions:

International Trade

The exchange of goods and services between countries, allowing for greater variety and the exploitation of comparative advantages.

Production

The process of creating goods and services.

Cattle

Domesticated large mammals bred by humans for purposes like milk, meat, leather, and labor.

Wheat

A cereal grain considered a staple food across the globe, used to make products like bread, pasta, and other foods.