In a backward vertical integration into upstream industries, which of the following describes the next step in the value chain after final assembly?
A) Raw materials
B) Retail
C) Component parts manufacturing
D) Customer
E) Final assembly is the final step in the value chain.

Question

Quizplus · Accepted Answer

Backward vertical integration involves acquiring or establishing firms that are upstream in the value chain. Final assembly is typically the downstream end of the value chain. Therefore, the next step would be manufacturing the component parts needed for final assembly.

In a Backward Vertical Integration into Upstream Industries, Which of the Following