The process that links the acquisition of raw material to the sale of the finished product refers to…
Vertical integration links different stages of the same supply chain, extending upstream toward raw materials or downstream toward the sale of finished goods. Horizontal…
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The process that links the acquisition of raw material to the sale of the finished product refers to which type of integration?
Answer and explanation
Correct answer B
Vertical integration links different stages of the same supply chain, extending upstream toward raw materials or downstream toward the sale of finished goods. Horizontal integration joins activities at the same stage, such as two firms producing similar goods. Linking upstream and downstream stages does not require horizontal integration.
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West Bengal SET (WB SET)