________ Refers to a Diversification Strategy That Involves Taking a Step

question 4

Multiple Choice

________ refers to a diversification strategy that involves taking a step forward (down) on the value-added chain toward the customers.

• A) Backward integration
• B) Horizontal integration
• C) Forward integration
• D) Conglomerate integration

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Definitions:

Prior Incidents

prior incidents refer to events or situations that have happened in the past, often used as reference points in decision-making or assessing risk.

Arbitration

A form of alternative dispute resolution where a neutral third party, the arbitrator, makes a decision to resolve a dispute, often used in labor disputes to avoid court litigation.

Court Hearing

A proceeding before a judge or judicial officer in which legal issues, evidences, and arguments are presented to determine a solution to a legal dispute.

Conflict Resolution

A process of resolving disputes or disagreements between parties, often involving negotiation, mediation, or arbitration to achieve a peaceful solution.