When a corporation participates in more than one successive stage in a multi-stage production process,it is said to be:
A)vertically integrated.
B)completely outsourced.
C)engaged in preliminary contracts.
D)functionally organized.

Question

Quizplus · Accepted Answer

When a corporation participates in more than one successive stage in a multi-stage production process, it is said to be vertically integrated. This means that the company controls different parts of the supply chain, from the production of raw materials to the distribution of finished products. This allows the company to optimize its operations and reduce costs, as well as have more control over quality and delivery times.

When a Corporation Participates in More Than One Successive Stage