WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
ROBBER BARONS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Horizontal Integration
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Vertical Integration
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Lassiez faire
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Corporation
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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.