When a plantation company produces the crop and also refines, processes, packages, and sells the by-products, this is known as which of the following?

Question

Quizplus · Accepted Answer

Vertical integration occurs when a company expands its operations into different stages on the same production path, such as when a plantation company not only grows the crop but also processes, packages, and sells the by-products, thereby controlling multiple aspects of the supply chain.

When a Plantation Company Produces the Crop and Also Refines