A Firm Becomes More Vertically Integrated When

question 57

Multiple Choice

A firm becomes more vertically integrated when

• A)it buys a direct competitor.
• B)its management and staff are better aligned.
• C)it moves to own more stages of the value chain, either upstream or downstream of its core activity.
• D)it owns only some activities on the upstream or supply-side of its foremost activity.

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Definitions:

Intrapreneurship

The practice of applying entrepreneurial skills and approaches within an existing organization to drive innovation and strategic growth.

Planning

The process of making plans for something, including setting goals, defining steps, and allocating resources.

Action

The process or act of doing something towards achieving a goal or resolving a problem.

Entrepreneurship

Engaging in the creation of a business or multiple businesses, undertaking economic risks in anticipation of making a profit.