Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

WillowWorks LLC, a retail clothing store, has been sourcing its raw materials from a supplier named ThreadTym Corp. for the last five years. A change of management at ThreadTym resulted in an increase of the prices of the raw materials. As a result, WillowWorks purchases ThreadTym so that it can produce these products on its own. This scenario best illustrates ________.

Sagot :

Answer: backward integration

Explanation:

Backward integration refers to a scenario whereby a company purchases another company which supplies the products that are required for production.

Since WillowWorks purchases ThreadTym so that it can produce these products on its own, then this is backward integration.

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.