Companies Attempting to Integrate Vertically or Horizontally or to Diversify

question 3

Multiple Choice

Companies attempting to integrate vertically or horizontally or to diversify exhibit a(n) ________ strategy.

• A)external growth
• B)divestment
• C)concentration
• D)liquidation
• E)internal growth

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Definitions:

International Trade Agreements

Treaties in which a country promises to engage in less trade protection against the exports of other countries in return for a promise by other countries to do the same for its own exports.

Autarky

An economic condition or system in which a country is self-sufficient and does not engage in international trade.

Consumer Surplus

The gap between the maximum sum consumers are ready to pay for a product or service and the sum they ultimately spend.

Autarky

This is a situation where a country or region is self-sufficient and does not engage in international trade with other countries.