Question

_______ occurred when financiers bought up several producers of the same product, giving the new owners a large share of the total production of goods, enabling them to set market prices, while _________ took that process further by uniting the producers of product inputs with the product manufacturer in a single corporate structure.
A. Vertical integration; horizontal integration
B. Fordism; economies of scale
C. Horizontal integration; vertical integration
D. Economies of scale; Fordism

Answer 1

The answer is "C. Horizontal integration; vertical integration ".

Horizontal integration is an activity where an organization procures another organization that is basically doing likewise, e.g. at the point when a roll organization chooses to purchase another bread organization. This sort of reconciliation is the sort that you would see when one organization is hoping to build up some kind of monopolistic preferred standpoint by diminishing rivalry and expanding piece of the pie keeping in mind the end goal to create particular economies of scale.

Vertical integration is the point at which an organization that works inside one area of the general inventory network gains another organization inside that same store network, e.g. at the point when a bread organization chooses to purchase the trucking organization that disperses the scones to retailers or chooses to purchase the organization that gives the crude fixings to the rolls. This sort of joining is the sort you would see when one organization is hoping to cut in general expenses and possibly even accelerate the whole inventory network (or if nothing else tailor the exercises of the trucking organization or the crude fixing organization to their own particular necessities).

Hope this helps.

Answer 2

Horizontal integration; vertical integration