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 described as:

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Quizplus · Accepted Answer

An integrated industry is a type of industry where a company owns multiple stages of the production process. In this case, the wire manufacturing company owns the mill which produces the metal used in making the wire, meaning it is an integrated industry. A conglomerate is a company that consists of multiple unrelated businesses, while a holding company is a parent company that owns other companies but does not necessarily control their operations. Neither of these definitions fit the relationship between the wire manufacturing company and the mill.

If a Wire Manufacturing Company Owned a Mill to Produce