________ is the extension of company activities into stages of production that provide a firm's inputs or absorb its outputs.
A)Decentralization
B)Vertical integration
C)Market penetration
D)Social stratification

Question

Quizplus · Accepted Answer

Vertical integration refers to a company extending its activities into stages of production that provide inputs for its operations (backward integration) or absorb its outputs (forward integration). This can help to control costs and increase efficiency by reducing dependence on outside suppliers or distributors. Decentralization refers to the delegation of decision-making authority throughout an organization, market penetration refers to a strategy for increasing sales in an existing market, and social stratification refers to the division of society into hierarchical classes.

________ Is the Extension of Company Activities into Stages of Production