When a Firm Decides to Move Away from Ownership of a Vertically

question 12

Multiple Choice

When a firm decides to move away from ownership of a vertically integrated production process and begins to purchase supplies or other services from other businesses,it is said to be:

• A)integrating downstream.
• B)integrating upstream.
• C)franchising.
• D)outsourcing.

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Definitions:

Government Officials

Individuals appointed or elected to positions of authority within governmental organizations, responsible for creating, enforcing, and interpreting laws.

Problem Definition

the process of identifying the main elements of a problem and outlining its boundaries.

Vague Schedule

An imprecise or unclear plan of events or tasks, lacking detailed information or specificity.

Call to Action

A statement or directive designed to provoke an immediate response or encourage an audience to take a specific action.