Which of the following terms is used when a firm attempts to gain more control over its value chain by either developing the ability to perform processes previously performed by other organizations in the chain or by acquiring those organizations?
A) vertical integration
B) outsourcing
C) offshoring
D) supply chain merger

Question

Quizplus · Accepted Answer

Vertical integration is the term used when a firm takes control of its value chain by either developing the ability to perform processes previously performed by other organizations in the chain or by acquiring those organizations. Outsourcing refers to the practice of hiring external companies to perform processes that were previously performed in-house, while offshoring refers to the practice of moving processes to a different country in order to take advantage of lower labor or production costs. A supply chain merger occurs when two or more companies combine their value chains to create a single, integrated supply chain.

Which of the Following Terms Is Used When a Firm