Vertical Integration

question 16

Multiple Choice

Vertical integration:

• A) is achieved when a company acquires many of its competitors.
• B) is accomplished when a company is involved in multiple steps in the value chain.
• C) is rarely attempted due to the risks involved.
• D) ensures that the highest quality products are produced at the lowest possible price.

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Definitions:

Policy

A course or principle of action adopted or proposed by an organization or individual.

Causation

The relationship between cause and effect where one event directly results in another.

Correlated

Two variables are correlated if their values tend to move together.

Variables

Elements, features, or factors that are likely to change or vary within the context of a research study or scientific experiment.