Savings That Come from Combining the Marketing and Distribution of Different

question 55

Multiple Choice

Savings that come from combining the marketing and distribution of different types of related products are called:

• A)horizontal integration.
• B)vertical integration.
• C)economies of scale.
• D)economies of scope.
• E)monopoly gains.

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Definitions:

Civil Law

A legal system based on written codes of law, predominantly used in countries influenced by the European continental system.

Criminal Law

The branch of law that defines and punishes wrongful actions committed against the public.

Legal Positivism

A school of legal thought centered on the assumption that there is no law higher than the laws created by a national government. Laws must be obeyed, even if they are unjust, to prevent anarchy.

Natural Law

The oldest school of legal thought, based on the belief that the legal system should reflect universal (“higher”) moral and ethical principles that are inherent in human nature.