An iron and steel manufacturing plant was facing a power crisis on a daily basis.The unit had to stall production for about two hours on an average per day.In order to minimize the loss,the owner decided to invest in a cogeneration unit that would produce enough power to facilitate production during the peak load hours.This action of the manufacturer exemplifies:

Question

Quizplus · Accepted Answer

Investing in a cogeneration unit to produce power for the plant's own use is an example of forward or downstream integration, where a company expands its operations closer to the end user or customer, in this case by generating its own power to ensure continuous production.

An Iron and Steel Manufacturing Plant Was Facing a Power