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Stels [109]
3 years ago
5

module 3 BlockWood Inc. has been providing raw materials to Couches Corp., a furniture company. The management at Couches recent

ly decided to cut the prices it pays for the raw materials. BlockWood Inc. tried to negotiate a price that would be feasible for both companies, but Couches did not agree to pay more than what they had quoted. As BlockWood Inc. was facing similar difficulties with other buyers too, it eventually stopped supplying raw materials and took to manufacturing furniture instead. This scenario best illustrates ________.
Business
1 answer:
maria [59]3 years ago
6 0

The correct answer to this open question is the following.

You forgot to include the options for this question. However, we can answer the following.

This scenario best illustrates forward integration.

This is a case of forward integration because BlockWood Inc., which was facing similar difficulties with other buyers too, eventually stopped supplying raw materials and took to manufacturing furniture instead. SO they decided to fabricate their own furniture.

Companies make this decision as a process of vertical integration to expand and grow their business. In this case to produce and control their own products, eliminating the retailer that had decided to pay less money for the raw materials.

So now, Blockwood Inc. has the challenge to design and sell the products it is fabricating.

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3 years ago
The use of the concepts of purchasing, procurement, supply, and supply chain management will vary from organization to organizat
IRISSAK [1]

Answer: B. The industry which they operate

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3 years ago
To save time, try a test solution after your first interview
KatRina [158]
What is the question? There is no question in this statement.
7 0
3 years ago
While gdp is a measure of total output for a nation, _______ is a measure of what is produced by americans throughout the world?
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8 0
3 years ago
In a simple economy in which prices are constant and with no income taxes or imports, the marginal propensity to consume is 0.8.
lutik1710 [3]

Answer: Increase by $250

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As, there is an increase in investment in the given case so it will result in increase in income for the economy.

We can compute it  as :-

change\:in\:income=\frac{change\:in\:investment}{1-MPC}

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3 years ago
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