A group of three plants that is owned and operated by a single firm and that consists of a farm growing wheat,a flour-milling plant,and a plant that bakes and sells bread would best be an example of a:

Question

Quizplus · Accepted Answer

A vertically integrated firm is one that owns and operates different stages of the production process of a particular product. In this case, the firm owns and operates the wheat farm, flour-milling plant, and bread baking plant. Therefore, it is an example of a vertically integrated firm. The other options are not suitable because a multiplant firm may consist of multiple independent firms that share resources, and the partnership and conglomerate options do not specifically refer to the integration of different stages of production.

A Group of Three Plants That Is Owned and Operated