A Firm Purchasing a Key Supplier to Strengthen Its Value

question 51

Multiple Choice

A firm purchasing a key supplier to strengthen its value chain is an example of _____.

• A)collaboration
• B)outsourcing
• C)vertical integration
• D)unrelated diversification

---

Definitions:

Transparency

The practice of being open, honest, and straightforward about various activities, facilitating a higher level of trust and clarity.

Cutting Edge Technology

Refers to the most advanced and innovative technology currently available, often leading the field in development and application.

Supply Chain

The entire network of entities, directly or indirectly interlinked and interdependent in serving the same consumer or customer, involving the supply and movement of goods.