One of the Earliest,largest and Most Famous Examples of Vertical

question 62

Multiple Choice

One of the earliest,largest and most famous examples of vertical integration was the Carnegie Steel Company.The company controlled not only the mills where the steel was manufactured but also the mines where the iron ore was extracted,the coal mines that supplied the coal,the ships that transported the iron ore and the railroads that transported the coal to the factory.Carnegie Steel has a(n) _____ channel relationship.

• A) Arm's-Length
• B) functional
• C) cooperative
• D) hierarchical
• E) integrated

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Definitions:

Cooperation

The process of individuals or groups working together for a common purpose or benefit.

Conflict Management Style

The approach and techniques an individual or group uses to handle disagreements or disputes.

Intermediate Levels

Positions or stages that are between the initial and final stages in a process, system, or hierarchy.

Compromise

A conflict management style that combines intermediate levels of assertiveness and cooperation.