What Does It Mean for a Manufacturing Firm to Vertically

question 5

Multiple Choice

What does it mean for a manufacturing firm to vertically integrate?

• A)Expand using established product technologies to offer a wider variety of products
• B)Reorganize management into semi-autonomous divisions
• C)Produce raw materials and distribute finished goods on their own
• D)Geographic distance between buyers and sellers
• E)Use management consultants to optimize processes

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Definitions:

Collective Cohesion

The sense of solidarity, unity, and commitment among members of a group, which strengthens their willingness to work together towards common goals.

Belongingness

The human emotional need to be an accepted member of a group, whether it is friends, family, or a larger community.

Emotional Cohesion

The bonding of group members through shared feelings, empathy, or emotional experiences that enhance a sense of unity or togetherness.

Goal-Focused Team Work

Collaborative effort where team members are unified in pursuing specific objectives, leading to more directed and effective outcomes.