An arrangement whereby the firm owns, or seeks to own, multiple stages of a value chain for producing, selling, and delivering a product or service is termed as ________.
A) vertical integration
B) horizontal integration
C) decentralization
D) centralization

Question

Quizplus · Accepted Answer

Vertical integration refers to a company's ownership of multiple stages of its value chain, such as production, distribution, and retail, to control its processes and reduce costs.

An Arrangement Whereby the Firm Owns, or Seeks to Own