USA HISTORY

WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

ROBBER BARONS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Company who Owns every step of production
A
Horizontal Integration
B
Vertical Integration
C
Lassiez faire
D
Corporation
Explanation: 

Detailed explanation-1: -Amazon has vertically integrated much of its business. Not only does it act as a marketplace for buyers and sellers – but it also offers its own products and services, as well as its own distribution channel. So in effect, it has 3 stages in the supply chain.

Detailed explanation-2: -One example of a company that is vertically integrated is Target, which has its own store brands and manufacturing plants. It creates, distributes, and sells its products-eliminating the need for outside entities such as manufacturers, transportation, or other logistical necessities.

Detailed explanation-3: -Vertical integration is a strategy that allows a company to streamline its operations by taking direct ownership of various stages of its production process rather than relying on external contractors or suppliers.

Detailed explanation-4: -Vertical integration is a strategy that describes when a company owns or controls its distributors, suppliers, or other retail locations to maintain greater control of its supply chain.

Detailed explanation-5: -Apple Inc. has employed a vertical integration strategy for decades. Its software products are placed into electronic devices and computer systems manufactured and assembled by Apple using hardware and components also manufactured by the company.

There is 1 question to complete.