Aramco's ownership of Saudi Petroleum International,which specializes in scheduling,loading,storage,transportation and delivery of crude oil,is an example of which type of strategy?

Question

Quizplus · Accepted Answer

Forward integration involves the acquisition of a business that is closer to the end customer in the value chain. In this case, Aramco's ownership of Saudi Petroleum International allows them to control the transportation and delivery of their crude oil to customers, which is a step closer to the end customer.

Aramco's Ownership of Saudi Petroleum International,which Specializes in Scheduling,loading,storage,transportation and Delivery