The Term Vertical Integration Is Used to Describe _____

question 45

Multiple Choice

The term vertical integration is used to describe _____

• A)the expansion of a firm into earlier or later stages of production.
• B)an attempt by a firm to allow market prices to coordinate more transactions.
• C)an attempt by a firm to minimize shirking.
• D)an attempt by a firm to minimize the need to coordinate transactions within its boundaries.
• E)the mechanisms used by a firm to accumulate information about its competitors.

---

Definitions:

Micro-Blogging

A form of blogging that allows users to write brief text updates and publish them, often used in social media platforms.

Blogs

Web-based journals in which writers can editorialize and interact with other Internet users.