A company has started to produce machinery for use in the production of its main product range. What type of related diversification is this?

Name: A company has started to produce machinery for use in the production of its main product range. What type of related diversification is this?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Backward integration occurs when a company starts producing its own inputs or raw materials, which is the case here as the company is producing machinery for its own product range.

A Company Has Started to Produce Machinery for Use in the Production