Which of the following is the extension of company activities into stages of production that provide a firm's inputs or absorb its outputs?
A) Horizontal integration
B) Vertical integration
C) Market penetration
D) Collaborative diversification

Question

Quizplus · Accepted Answer

Vertical integration refers to when a company extends its activities into stages of production which provide its inputs, called backward integration, or absorb its outputs, called forward integration.

Which of the Following Is the Extension of Company Activities