MoneyMatters, a finance firm, provides support to HMD Inc. in its financial matters and taxation processes of its employees. Later, HMD decides to create an in-house financial team to manage its financial matters. In this scenario, MoneyMatters loses its business because of _____ done by HMD.

Question

Quizplus · Accepted Answer

Vertical integration occurs when a company decides to take control of its supply chain or business processes by bringing them in-house, which is what HMD Inc. did by creating its own financial team.

MoneyMatters, a Finance Firm, Provides Support to HMD Inc