Which of the following best describes backward integration?
A) sell products to a supplier or a distributor
B) develop the ability to produce products that complement the original product
C) produce goods or services previously purchased
D) develop the ability to produce the specified good more efficiently than before
E) build long-term partnerships with a few suppliers

Question

Quizplus · Accepted Answer

Backward integration involves producing goods or services that were previously purchased, which helps to increase control and reduce dependence on suppliers.

Which of the Following Best Describes Backward Integration