When a firm internally makes 100% of its key supplies and completely controls its distributors,this is known as
A) full integration.
B) taper integration.
C) mass integration.
D) economical integration.
E) strategic integration.

Question

Quizplus · Accepted Answer

Full integration refers to a situation where a firm completely controls its supply chain, including the production of key supplies and the distribution of its products. This is also known as vertical integration, and it allows the firm to have more control over its operations and reduce its reliance on external suppliers and distributors. Therefore, option A is the best choice. Option B (taper integration) refers to a situation where a firm partially controls its supply chain, and option C (mass integration) and option D (economical integration) are not commonly used terms in business. Option E (strategic integration) is a general term that can refer to various types of integration strategies, but it does not specifically describe the situation outlined in the question.

When a Firm Internally Makes 100% of Its Key Supplies