Vertical integration is a manner of organizing the supply chain of a company, in which the firm owns the facilities where the different parts of the production process are performed (obtention of raw materials, intermediate transformations, final transformation, etc), instead of buying intermediate goods or raw materials from suppliers, to subsequently produce their own products.
Vertical integration requires extremely high levels of investment, but if a firm can afford to follow this strategy, it will experience a drastic cost reduction and productivity improvements in its production process. Vertical integration enhances the produdction capacity of a firm, and allows it to reach <u>economies of scale. </u>
Answer:Most immediately, the American Revolution resulted directly from attempts to reform the British Empire after the Seven Years’ War. The Seven Years’ War culminated nearly a half-century of war between Europe’s imperial powers. It was truly a world war, fought between multiple empires on multiple continents. At its conclusion, the British Empire had never been larger. Britain now controlled the North American continent east of the Mississippi River, including French Canada. It had also consolidated its control over India. But, for the ministry, the jubilation was short-lived. The realities and responsibilities of the post-war empire were daunting. War (let alone victory) on such a scale was costly. Britain doubled the national debt to 13.5 times its annual revenue. In addition to the costs incurred in securing victory, Britain was also looking at significant new costs required to secure and defend its far-flung empire, especially western frontiers of the North American colonies. These factors led Britain in the 1760s to attempt to consolidate control over its North American colonies, which, in turn, led to resistance.
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the correct answer is B :)
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