The process by which a company extends its control over additional stages of production is called ________.
A) outsourcing
B) horizontal recruitment
C) vertical integration
D) capital structure

Question

Quizplus · Accepted Answer

Vertical integration is the process of a company expanding its control over different stages of production, from acquiring suppliers to owning retail locations. This strategy can improve efficiency and reduce costs by streamlining the supply chain and eliminating the need for third-party vendors. Outsourcing, on the other hand, involves contracting out specific tasks or processes to external parties. Horizontal recruitment and capital structure are not relevant to this concept.

The Process by Which a Company Extends Its Control Over