Asked by
Kathryn Johnson
on Nov 10, 2024
Verified
Which of the following is an example of vertical integration?
A) A diamond mine starts to market diamond rings.
B) A hotel chain buys a diamond mine.
C) A hotel chain adds a level to its organizational structure.
D) A diamond mine improves its labour/management relations.
E) A hotel chain restructures so that its regional managers now report to the director of operations.
Vertical Integration
refers to a company's control over multiple stages of production or distribution within the same industry, from raw materials to final products.
Diamond Mine
A type of mining operation focused on the extraction of diamonds from the earth, often involving large-scale and intensive industrial processes.
- Acquire knowledge on the idea of vertical integration and its strategic merits for advancing business growth and overseeing the supply chain.
Verified Answer
JM
Learning Objectives
- Acquire knowledge on the idea of vertical integration and its strategic merits for advancing business growth and overseeing the supply chain.
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