________________ integration refers to a strategy of moving closer to the sources of raw materials by acquiring resource supplier or by manufacturing the components needed for the production of a final product.
A) Backward
B) Forward
C) Horizontal
D) Unrelated
E) Vertical

Question

Quizplus · Accepted Answer

Backward integration involves acquiring or merging with suppliers to gain control over the inputs and raw materials needed for the production process. This strategy can help to reduce costs, improve quality and increase efficiency as the organization has greater control over the supply chain.

________________ Integration Refers to a Strategy of Moving Closer to the Sources