Vertical Integration is the term refers to gaining control of the many different businesses that make up all phases of a product's development.
<u>Explanation:</u>
Vertical Integration is the most common business and economics term. This is a strategy that a company can control various stages of the supply chain.
There are 4 phases in the supply chain. They are retail, distribution, manufacturing, and commodities.
The company will integrate the stages vertically while controlling the supply chain. Thus the companies will be integrated by purchasing the suppliers. In order to reduce the price of manufacturing.
Vertical integration has various benefits for companies. They are controlling the process, reducing costs and improving efficiencies.
The best and most correct answer among the choices provided by the question is the fourth choice "John Hickson"
Because they needed social struture
Answer:
Historians have identified several causes for the emergence of the Renaissance following the Middle Ages, such as: increased interaction between different cultures, the rediscovery of ancient Greek and Roman texts, the emergence of humanism, different artistic and technological innovations, and the impacts of conflict
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