Vertical Integration Involves All of the Following EXCEPT

question 61

Multiple Choice

Vertical integration involves all of the following EXCEPT:

• A) The level of ownership by a firm of production or service inputs.
• B) The level of ownership by a firm of the channels for the distribution of outputs.
• C) The expansion by the firm into different product lines and markets.
• D) Being more efficient internally than the external market.

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Definitions:

Evolution

A process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Progressive Change

Gradual transformation or development over time in a specific, usually forward or beneficial, direction.

Phrenology

A now-discredited theory that suggested the bumps on the skull could predict mental traits or character.

Localization of Function

The concept in neurology and psychology that specific parts of the brain are responsible for specific functions or behaviors.