Managerial Economics & Business Strategy 7th Edition by Michael Baye, Stanley Brue, David MacPherson

تمرين 3

Identify whether each of the following transactions involves spot exchange, contract, or vertical integration.
a. Barnacle, Inc., has a legal obligation to purchase 2 tons of structural steel per week to manufacture conveyor frames.
b. Exxon-Mobil uses the oil extracted from its wells to produce raw polypropylene, a type of plastic.
c. Boat Lifts R Us purchases generic AC motors from a local distributor.
d. Kaspar Construction-a home-building contractor-purchases 50 pounds of nails from the local Home Depot.