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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The correct option is (A) Joint ventures.
Joint ventures is/are often a political necessity because of nationalism and government restrictions on foreign ownership.
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What is joint venture?</h3>
A joint venture is a business that was started by two or more persons and is often characterised by shared control, ownership, and returns. The following types are among them:
Joint Venture Project. This is the kind of joint venture that is most common.
Vertical Joint Venture;
Functional Joint Venture;
Horizontal Joint Venture
For instance, in order to pool their US assets for the distribution of their beer brands in the US and Puerto Rico, two brewing and beverage companies, SABMiller and Molson Coors, launched a horizontal joint venture in 2007.
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The Georgia Department of Economic Development (GDEcD) is the state's sales and marketing arm, the lead agency for attracting new business investment, encouraging the expansion of existing industry and small businesses, addressing macro level workforce issues, locating new markets for Georgia products, attracting
Answer:
1. glossary
2. table of contents
3. index
Explanation:
i did the question just so i could answer for y'all
