When the Campbell Soup Company Began to Manufacture Its Own

question 107

Multiple Choice

When the Campbell Soup Company began to manufacture its own cans to gain more control over a key production input, it was pursuing which corporate strategy?

• A) backward vertical integration
• B) forward vertical integration
• C) related diversification
• D) concentration
• E) horizontal integration

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Definitions:

Pension Plan

Pension Plan is a type of retirement plan where an employer contributes to a pool of funds set aside for employees' future benefit, distributed upon retirement.

Single Life Annuity Contract

An insurance policy that provides a fixed or variable payment to an annuitant at regular intervals for their lifetime.

Tax-free Amount

An amount or income received that is not subject to income tax by the taxpayer.

Qualified Pension Plan

A retirement plan that meets the requirements of the Internal Revenue Code, offering tax benefits to the entity that establishes the plan and its participants.