Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.
Sagot :
Final answer:
Horizontal integration involves expanding into similar production activities, while vertical integration is moving into different stages of the value chain.
Explanation:
Horizontal integration is when a company expands into similar kinds of production activities or increases the volume of current production activities. It involves acquiring or merging with a competitor in the same industry to broaden the product offerings.
Vertical integration, on the other hand, occurs when a firm expands into a different stage of the value chain in which it already operates. This could be moving either upstream or downstream in the production process.
In this scenario, the hot dog vendor adding hamburgers and tacos demonstrates horizontal integration as they are expanding their product line with similar food items.
Learn more about Integration of business activities here:
https://brainly.com/question/32659013
We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.