Philosophy is the study of the fundamental nature of knowledge, reality, and especially existence.
I think your answer will be to 'soak up.'
This scenario is best described by Vertical Integration.
Explanation:
The given processes are interconnected with each other. With the completion of one process, other process starts and the process goes on.
This can be best described by the Vertical Integration, and Vertical Integration can be defined as an arrangement, in which the whole supply chain of the company(like the steps given in the question) is owned by that company.
On each stage of the supply chain, one complete product or service is produced and when all these products or services are combined, the common need is satisfied.
The departments or processes involved in the vertical integration are:
- Procurement
- Manufacturing
- Distribution
- Retail
- After Sale Services
Learn more about vertical integration at:
brainly.com/question/13157817
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