Examlex
Match each term with the correct definition below:
-?Less common graphic file formats, including proprietary formats, newer formats, formats that most image viewers don't recognize, and old or obsolete formats.
Production Industry
The sector of the economy that is concerned with the manufacture, processing, and preparation of products from raw materials.
Horizontal Integration
A business strategy where a company acquires or merges with other companies at the same level in the production process or supply chain to increase market share and reduce competition.
Vertical Integration
A strategy where a company expands its operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.
Goods And Services
The tangible products and intangible activities that are offered for sale or trade in the market to satisfy consumer needs and wants.
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