The process through which a manufacturer attempts to gain greater control over inputs in its production process, such as raw mat

Question

Mamont248 [21]

3 years ago

5

The process through which a manufacturer attempts to gain greater control over inputs in its production process, such as raw mat

erials, is called _____ integration.

Business

2 answers:

OleMash [197] · Answer 1 · 2021-11-12T03:45:10+03:00

Answer: Backward Integration

Explanation:

Backward Integration is the process where a production company acquires the business from which their raw materials are gotten to make production effective in their company.

An example of this backward integration is a cement producing company buying over a limestone extraction site.

timofeeve [1] · Answer 2 · 2021-11-12T05:08:25+03:00

Answer:

vertical integration

Explanation:

Vertical integration is a strategy whereby a company owns or controls its suppliers, distributors or retail locations to control its value or supply chain. Vertical integration benefits companies by allowing them to control the process, reduce costs and improve efficiencies.