When a Firm Expands in the Production Process to Supply

question 43

Multiple Choice

When a firm expands in the production process to supply its own raw materials and intermediate products or to provide its own sales or distribution networks,the process is called

• A)horizontal merger.
• B)risk diversification.
• C)vertical integration.
• D)horizontal integration.

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Definitions:

Tie Rods

Important components in a vehicle's steering system that connect the steering rack to the wheels, facilitating directional control.

Steering Wheel Indicator Light

A light or symbol on the dashboard that indicates information or warnings related to steering or the vehicle's direction control systems.

Electric Assist System

A system within a vehicle designed to provide supplementary power to assist the driver, often used in steering or braking systems.

Socket

A tool or device into which something else is inserted, often used to refer to a wrench part that fits over a nut or bolt head.