Vertical integration can be best defined as _________.
A)breaking a large process into smaller tasks that require specialized knowledge
B)bringing business processes or activities previously conducted by outside companies in-house
C)a graphic representation of the relationship between cost per unit of a product and its scale of production
D)the sequence of all activities that are performed by a firm to turn raw materials into a finished product

Question

Quizplus · Accepted Answer

Vertical integration involves bringing previously outsourced business processes or activities in-house, such as a manufacturer acquiring a supplier or a retailer opening its own production facility. It does not involve breaking down processes into smaller tasks (A), a graphic representation of production costs (C), or the sequence of activities to produce a product (D).

Vertical Integration Can Be Best Defined as _________