The Process Through Which a Manufacturer Attempts to Gain Greater

question 144

Multiple Choice

The process through which a manufacturer attempts to gain greater control over inputs in its production process,such as raw materials,is called _____ integration.

• A)balanced
• B)horizontal
• C)synergic
• D)backward

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Definitions:

Imposter

A person who deceives others by pretending to be someone else for personal or financial gain.

Obligor

A person or entity legally bound to provide a payment, service, or other benefit to another (the obligee) under the terms of a contract or legal agreement.

Negotiable Instrument

A formal written notice ensuring a particular sum of money will be paid, either immediately when asked or at a certain date, with the document specifying who is to pay.

Promissory Note

A written, legally binding document in which one party promises to pay another a specific sum of money, either on demand or at a defined future date.