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Questions and Answers
What type of integration involves a company owning the entire supply chain from raw materials to finished products?
What type of integration involves a company owning the entire supply chain from raw materials to finished products?
- Horizontal integration
- Vertical integration (correct)
- Lateral integration
- External integration
Which transnational corporation exemplifies vertical integration by owning shipping fleets, refineries, pipelines, and rights to oil production in 40 countries?
Which transnational corporation exemplifies vertical integration by owning shipping fleets, refineries, pipelines, and rights to oil production in 40 countries?
- BP (correct)
- Shell
- ExxonMobil
- Chevron
What is the primary goal of horizontal integration in companies?
What is the primary goal of horizontal integration in companies?
- Market expansion
- Control over the supply chain
- Cost reduction
- Diversification (correct)
What is the main outcome of vertical integration for a company?
What is the main outcome of vertical integration for a company?
In which type of integration does a company merge with another for complementary or competitive reasons?
In which type of integration does a company merge with another for complementary or competitive reasons?
What is the main objective of transnational corporations (TNCs) through integration?
What is the main objective of transnational corporations (TNCs) through integration?
How does vertical integration benefit a company in terms of supply chain management?
How does vertical integration benefit a company in terms of supply chain management?
What distinguishes horizontal integration from vertical integration in corporations?
What distinguishes horizontal integration from vertical integration in corporations?
Why do companies engage in horizontal integration according to the text?
Why do companies engage in horizontal integration according to the text?
What is a key aspect of BP's vertical integration as mentioned in the text?
What is a key aspect of BP's vertical integration as mentioned in the text?
What is the primary method through which transnational corporations (TNCs) expand their industry?
What is the primary method through which transnational corporations (TNCs) expand their industry?
How does vertical integration benefit a company in terms of costs and control?
How does vertical integration benefit a company in terms of costs and control?
What is the purpose of horizontal integration in a company's strategy?
What is the purpose of horizontal integration in a company's strategy?
Which type of integration involves diversifying by merging with or taking over another company?
Which type of integration involves diversifying by merging with or taking over another company?
What distinguishes vertical integration from horizontal integration in corporations?
What distinguishes vertical integration from horizontal integration in corporations?
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