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When a company buys up firms supplying it with raw materials, this is an example...

Commerce
WAEC 1996
When a company buys up firms supplying it with raw materials, this is an example of
  • A. horizontal integration
  • B. a holding company
  • C. backward integration
  • D. consortium
  • E. lateral merger
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Correct Answer: Option C
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now