Movement by a Firm Along Its Own Value Chain in the Direction

question 9

Multiple Choice

Movement by a firm along its own value chain in the direction of sales, service, or warranty operations is termed _________.

• A)horizontal specialization
• B)backward integration
• C)forward integration
• D)horizontal diversification

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Definitions:

Legal Right

A legal right is an entitlement or permission backed by law or legal principles.

Disaffirm

The legal act of declaring a contract voidable, renouncing or refusing to recognize an engagement.

Emancipated Minor

A person under the age of majority who is legally granted most adult rights and responsibilities by court order or other means.

Contractual Obligations

Contractual obligations are duties that are legally binding on the parties involved in a contract, requiring them to act or refrain from acting in certain ways.