Backward Integration Involves

question 63

Multiple Choice

Backward integration involves

• A) performing industry value chain activities previously performed by suppliers or other companies engaged in earlier stages of the value chain.
• B) Linking with businesses within the array of value chain activities to eliminate competition and broaden the product offering.
• C) capitalizing on company's underutilized managerial capabilities for achieving greater synergistic cost advantages.
• D) reducing the opportunity for achieving greater product differentiation.
• E) developing new skills and business capabilities.

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Definitions:

Hazardous Waste

Waste that poses considerable or potential threats to public health or the environment.

National Contingency Plan

A government strategy designed to handle major emergencies or disasters, especially those affecting the public or the environment.

Chemical Feedstocks

Raw materials used in the manufacture of chemicals, often serving as the base from which other chemicals are derived.

CERCLA Trust Fund

A fund established under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) for cleaning up hazardous waste sites in the United States.