A-LevelEconomicsTheory of the FirmFeb/Mar 2018Paper 3 Q91 Mark
Company R manufactures steel. Company S produces ships. Company T operates oil tankers. Company V operates cruise liners. Which statement is correct? A If R takes over S, this is an example of forwards vertical integration. B If S takes over V, this is an example of backwards vertical integration. C If T takes over S, this is an example of diversification. D If V takes over S, this is an example of horizontal integration.
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