_____ refers to the process of acquiring and consolidating elements of a value chain to achieve more control.
A) Vertical integration
B) Horizontal integration
C) Outsourcing
D) Offshoring

Question

Quizplus · Accepted Answer

Vertical integration involves acquiring and consolidating different elements of a value chain, such as suppliers or distributors, to achieve more control over the production and distribution process. This can help a company reduce costs, improve quality control, and increase efficiency. Horizontal integration, on the other hand, involves acquiring or merging with competitors in the same industry, while outsourcing involves contracting out a business function to a third-party provider, and offshoring involves relocating a business function to a foreign country where labor costs may be lower.

_____ Refers to the Process of Acquiring and Consolidating Elements