Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
True. The above scenario is an example of backward integration.
What is meant by backward integration?
Backward integration is a type of vertical integration where a company takes on responsibilities that were previously handled by companies higher up the supply chain. In other words, backward integration occurs when a business acquires a supplier of goods or services for its own operations.
What makes backward integration crucial?
Backward integration, a type of vertical integration, enables companies to gain control over suppliers and boost the effectiveness of their supply chains. In order to obtain a competitive advantage over rival companies and cut costs, businesses often merge with or purchase their suppliers.
To know more about vertical integration, visit:
brainly.com/question/11773609
#SPJ4
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.
