Which of the following integration types aims at reducing transaction costs?

Name: Which of the following integration types aims at reducing transaction costs?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Vertical integration involves the combination of different stages of production or distribution under a single company, such as a manufacturer acquiring its own suppliers or distributors. This type of integration can help reduce transaction costs by eliminating the need to negotiate prices and contracts with external firms.

Which of the Following Integration Types Aims at Reducing Transaction