Which of the following describes a company growing by combining with other organizations in the same industry?
A) forward vertical integration
B) backward vertical integration
C) horizontal integration
D) unrelated diversification
E) concentration

Question

Quizplus · Accepted Answer

Horizontal integration is the strategy of a company growing by combining with other organizations in the same industry. This can lead to economies of scale, increased market share, and reduced competition. Forward and backward vertical integration involve combining with companies in the supply chain or distribution chain, while unrelated diversification and concentration involve expanding into different products or markets.

Which of the Following Describes a Company Growing by Combining