Examlex
Which of the following major transitions proposed by John Maynard Smith and Eörs Szathmary (1997) most likely occurred first?
Integrating Vertically
A business strategy that involves a company expanding its operations into different steps along the same production path, such as a manufacturer owning its supplier.
Paper Mill
A paper mill is a factory dedicated to producing paper and cardboard from wood pulp and other raw materials.
Book Publishing
The process of producing and disseminating literature or information—the activity of making information available to the general public.
Horizontal Integration
A business strategy where a company acquires or merges with other companies in the same industry at the same stage of production, to increase market share and reduce competition.
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