The practice of purchasing other companies within one's supply chain which is predicated on the notion that a company's profits can be maximized by owning one's supplier is known as _______________.
A)transfer purchasing.
B)supply chain management.
C)vertical integration.
D)profit integration.

Question

Quizplus · Accepted Answer

Vertical integration refers to the practice of a company acquiring another company within its supply chain with the aim of increasing profits and gaining better control over the overall supply chain. This can involve the acquisition of suppliers, distributors, and other related businesses in the supply chain.

The Practice of Purchasing Other Companies Within One's Supply Chain