WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
SECOND INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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acquiring companies that compete with you
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selling shares of your business as stocks
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gaining complete control over an industry
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acquiring companies that supply your business
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Detailed explanation-1: -Which of the following best describes vertical integration? The statement to produce goods or services previously purchased best describes vertical integration. Vertical integration can help provide a strategic advantage for firms that have the capital and talent to handle the additional scope of responsibility.
Detailed explanation-2: -Vertical integration can allow your business to expand geographically by adding distribution centers in new areas or by acquiring a new brand. Generally, geographical expansion works best when expanding within a company’s own segment in the supply-distribution spectrum.
Detailed explanation-3: -Answer and Explanation: The correct answer to the given question is option B. a soft drink producer buying one of its bottling plants. A vertical integration occurs when one stakeholder in the supply chain of a given good or service acquires another stakeholder in the same supply chain.