Which of the Following Best Describes Vertical Integration

question 79

Multiple Choice

Which of the following best describes vertical integration?

• A) to sell products to a supplier or a distributor
• B) to develop the ability to produce products which complement the original product
• C) to produce goods or services previously purchased
• D) to develop the ability to produce the specified good more efficiently than before
• E) to build long-term partnerships with a few suppliers

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Definitions:

Consulting Services

Professional services provided by experts to help organizations improve their performance, solve issues, create value, and grow.

Legally Liable

Being legally liable means being responsible by law to compensate or bear the consequences for causing damage or injury through actions or failures to act.

Corporation

A legal entity owned by shareholders with rights and liabilities distinct from those of its owners, capable of conducting business.

Sole Proprietorship

A business structure where a single individual owns and operates the business, taking on all responsibilities and liabilities.