Vertical integration is a modern method of outsourcing.

Name: Vertical integration is a modern method of outsourcing.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Vertical integration is the opposite of outsourcing. It involves a company expanding its operations by acquiring other companies involved in the same business or industry to gain more control over the supply chain and increase efficiency. Outourcing, on the other hand, involves contracting out certain business operations or tasks to external third-party providers.

Vertical Integration Is a Modern Method of Outsourcing