If suppliers are unreliable or too costly,which of these strategies may be appropriate?
A)Concentric diversification
B)Forward integration
C)Backward integration
D)Horizontal integration
E)Market penetration

Question

Quizplus · Accepted Answer

Backward integration involves a company acquiring its own suppliers. If a company's current suppliers are unreliable or too costly, it may be more cost effective and efficient for the company to acquire those suppliers rather than continue to rely on them. This would give the company more control over its supply chain and potentially reduce costs. Concentric diversification, forward integration, horizontal integration, and market penetration are not appropriate strategies for addressing supplier reliability or cost issues.

If Suppliers Are Unreliable or Too Costly,which of These Strategies