When firms that operate at different stages in the production of a commodity merge, this...

Commerce

WAEC 1997

When firms that operate at different stages in the production of a commodity merge, this is known as

A. horizontal intergration
B. vertical intergration
C. absorption
D. conglomerate
E. cartel

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Correct Answer: Option B

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When firms that operate at different stages in the production of a commodity merge, this...

Correct Answer: Option B

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