A situation of vertical integration where a firm does not use any outside input for all the stages of the main production process is called:
A)Full vertical integration
B)Partial vertical integration
C)Hybrid vertical integration
D)Inverted vertical integration

Question

Quizplus · Accepted Answer

Full vertical integration occurs when a firm controls all the stages of the production process, from raw materials to the finished product, without using any outside input. This means that the firm has complete control over its supply chain and can better manage its costs and quality.

A Situation of Vertical Integration Where a Firm Does Not