If a hotel chain buys one of its suppliers, it is engaging in what type of growth?

Name: If a hotel chain buys one of its suppliers, it is engaging in what type of growth?
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Quizplus · Accepted Answer

Backward integration is when a company buys or takes control of its suppliers to gain more control over the supply chain and reduce its reliance on external suppliers. In this case, the hotel chain is buying one of its suppliers, which falls under the category of backward integration.

If a Hotel Chain Buys One of Its Suppliers, It