BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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INTEGRATION STRATEGY ____ SUPPLIER COSTS.
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BALANCES
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REDUCES
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Explanation:
Detailed explanation-1: -Facilitate mergers and acquisitions. Increase collaboration with business partners. Reduce time-to-market. Optimize IT resources and reduce costs.
Detailed explanation-2: -Vertical integration allows a business to reduce costs by taking over more steps in the supply chain and thereby producing the supplies it needs rather than purchasing and transporting them from outside the company.
Detailed explanation-3: -Supply chain integration is a large-scale business strategy that brings as many links of the chain as possible into a closer working relationship with each other. The goal is to improve response time, production time, and reduce costs and waste.
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