________ is a strategy in which an organization takes over and owns its suppliers or distributors.
A) Vertical integration
B) Environmental scanning
C) Market penetration
D) Differentiation

Question

Quizplus · Accepted Answer

Vertical integration is a strategy in which an organization takes control of its supply chain by acquiring its suppliers or distributors. This can be achieved through backward integration, where a company acquires its suppliers, or forward integration, where a company acquires its distributors. This strategy enables companies to reduce their dependence on external suppliers or distributors, improves supply chain efficiencies, and provides greater control over product quality and pricing. Hence, out of the given options, vertical integration is the most appropriate choice for the given scenario.

________ Is a Strategy in Which an Organization Takes Over