_____ occurs when a firm moves upstream by acquiring a supplier.

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Backward integration occurs when a firm acquires a supplier, which allows it to have more control over the supply chain and potentially reduce costs. Forward integration, on the other hand, involves a company moving downstream and acquiring a distributor or retailer. Unrelated diversification and concentric diversification refer to strategies where a firm expands into unrelated or related industries, respectively.

_____ Occurs When a Firm Moves Upstream by Acquiring a Supplier