Which of the following takes place when firms producing at different stages in the same industry combine?
a
conglomeration
b
vertical integration
c
horizontal integration
d
cartel
Explanation
Correct Option
bNo explanation available
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Discussions (15)

Lizzdove
12 years ago
Its very correct bcos d merging of 2 firms in d same industry @ diff stages of production is vertical integration while the merging of 2 firms in d same industry @ d same stage of production is horizontal integration

icegabe
8 years ago
b is the correct answer because vertical integration in my own understandin is when a company control more than one stage in the supply chains



correct


