The Americans built the Panama Canal second. The first ones to do it were the French, but they did not finish the canal because of engineering problems and a high mortality rate because of diseases. They succeeded because the Panama Canal now makes the route between the Atlantic and Pacific Oceans much quicker, faster and convenient than if boats had to travel around the tip of South America. This allowed more places to be included in the world economy.
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
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An aircraft is usually granted the right-of-way when they are in distress
<h3>What is Right-of-Way?</h3>
This refers to the legal right that a vehicle or aircraft has to pass a route that is a territory of another. This is usually done when there is distress on the part of an aircraft.
Furthermore, some air crafts that have right-of-way over others are:
Hence, we can see that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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