Figure 3-2 -Refer to Figure 3-2.An Increase in Price of Inputs Would

question 465

Multiple Choice

Figure 3-2
-Refer to Figure 3-2.An increase in price of inputs would be represented by a movement from

• A)A to B.
• B)B to A.
• C)S1 to S2.
• D)S2 to S1.

---

Definitions:

Backward Integration

A business strategy where a company expands its role to fulfill tasks formerly completed by businesses up the supply chain, gaining control over suppliers or production.

Horizontal Integration

A strategy used by businesses to increase their market share by acquiring or merging with competitors operating at the same level of the supply chain.

Supply-Chain Strategy

Planning and management of all activities involved in sourcing, procurement, and logistics management activities.

Vertical Integration

The expansion of a company's operations into different stages of production within the same industry, usually to increase control over the supply chain.