Which of the Following Is an Example of Backward Integration

question 53

Multiple Choice

Which of the following is an example of backward integration?

• A)When a company that produces lumber moves into manufacture of wood furniture
• B)When a company that produces wood furniture acquires its supplier of lumber
• C)When a firm that produces wood furniture moves into production of metal furniture products
• D)When a firm producing a high-technology computer starts to produce sophisticated software

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Definitions:

Baby Boomers

The generation of people born between 1945 and 1964, who are characterized as being extremely hard working.

Resilient

The ability to recover quickly from difficulties or challenges, displaying toughness and adaptability in the face of adversity.

Lewin's Change Model

A three-stage theory of change known as unfreezing, change, and refreezing, which is used to implement change effectively within organizations.

Staff Rotation System

A system in which employees alternate their roles within the organization or between different geographical locations to gain skills and reduce monotony.