The Practice of an Existing Firm Replacing One or More

question 74

Multiple Choice

The practice of an existing firm replacing one or more of its supplier markets with its own hierarchical structure for creating the supplied product is called ____.

• A)marketing process
• B)market integration
• C)vertical integration
• D)horizontal integration

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Definitions:

Subordination

The condition of being lower in rank or position, or the process of placing someone or something in such a lower position.

Polyandry

A form of marriage in which a woman has more than one husband at the same time.

Multiple Wives

A marital practice wherein an individual has more than one wife simultaneously, known as polygyny.

Social Ennui

A feeling of dissatisfaction, boredom, and listlessness stemming from a lack of excitement or meaningful engagement in society.