In Forward Vertical Integration,a Company Becomes Its Own ________,While in Backward

question 20

Multiple Choice

In forward vertical integration,a company becomes its own ________,while in backward integration the company is its own ________.

• A)supplier; distributor
• B)supplier; customer
• C)distributor; monitor
• D)distributor; supplier

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services provided on credit.

Accounts Payable

The amount of money a company owes to its suppliers or vendors for goods and services received but not yet paid for.

Line of Credit

A flexible loan from a bank or financial institution that sets a maximum amount of money the borrower can access and use over a period.

Cross-functional

Involving or requiring collaboration among different departments, specialties, or areas of expertise within an organization.