BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Enables the firm to input and output markets to competitors
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Enables the firm retain control over proprietary knowledge
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Enables the firm to internationalize quickly
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Reduces uncertainties in demand
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Detailed explanation-1: -Vertical integration is when a firm takes ownership of a firm in a different industry. Vertical integration is when a firm expands by gaining ownership of its suppliers or distributors.
Detailed explanation-2: -Types of Vertical Integration. There are a number of ways that a company can achieve vertical integration. Two of the most common are backward and forward integration.
Detailed explanation-3: -Backward integration is a form of vertical integration in which a company expands its role to fulfill tasks formerly completed by businesses up the supply chain. In other words, backward integration is when a company buys another company that supplies the products or services needed for production.
Detailed explanation-4: -So, the correct option is ‘Stratospheric ozone depletion’.