When a Retailer Owns a Manufacturing Operation, It Is Referred

question 234

Multiple Choice

When a retailer owns a manufacturing operation, it is referred to as

• A) forward integration.
• B) lateral integration.
• C) a joint venture.
• D) horizontal integration.
• E) backward integration.

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Definitions:

Salary Allowances

Payments in addition to the basic salary, intended to cover specific expenses or compensate for particular conditions of employment.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses from total revenue.

Partner

A partner is an individual or entity engaged in a partnership, sharing the profits, losses, and management responsibilities within the business agreement.

Net Income

The leftover financial gain of a corporation once expenses and taxes are deducted from the total revenue.