Multiple Choice
Which of the following statements best describes forward integration?
A) A firm purchases its suppliers in order to make a product itself rather than buying it from another firm.
B) A firm imposes extra costs on customers for changing brands.
C) A firm goes into the business of its former buyers, rather than continuing to sell products to them.
D) A firm joins an alliance with its competitor to share materials.
Correct Answer:
Verified
Correct Answer:
Verified
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