In ________,The Organization Becomes Its Own Supplier So It Can

question 83

Multiple Choice

In ________,the organization becomes its own supplier so it can control its inputs.

• A)concentrated integration
• B)backward vertical integration
• C)forward vertical integration
• D)horizontal integration

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Definitions:

Agreement

A mutual understanding or arrangement, often formalized in a contract, between two or more parties to perform or refrain from performing particular acts.

Reasonable Value

The fair or market value of a service or item, considered to be value as determined by what a willing buyer would pay to a willing seller in an arms-length transaction.

Workmanlike Manner

The expectation that services or work performed will meet the standards set by skilled individuals in that trade or industry.

Satisfaction

in legal terms means the fulfillment or discharge of an obligation, such as the repayment of a debt, resulting in the termination of the obligation.