If a wire manufacturing company owned a mill to produce the metal used in making the wire, this relationship between the companies would be best be described as: ______.

Question

Quizplus · Accepted Answer

An integrated industry refers to a company that is involved in multiple stages of the production process, such as owning a mill to produce the raw materials needed for their manufacturing operations. This is different from a conglomerate or holding company, which typically own multiple separate businesses that operate independently, and a merger where two companies combine to operate as one.

If a Wire Manufacturing Company Owned a Mill to Produce