Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing Schools Business

Features Pricing Schools Business

15 Questions

4 Views

Transnational Corporations 2 Quiz

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

BP (correct)

Shell

ExxonMobil

Chevron

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?

Cost reduction and increased control (B) Signup and view all the answers

In which type of integration does a company merge with another for complementary or competitive reasons?

Horizontal integration (A) Signup and view all the answers

What is the main objective of transnational corporations (TNCs) through integration?

Reducing competition and monopolizing the market (C) Signup and view all the answers

How does vertical integration benefit a company in terms of supply chain management?

Enhancing control and reducing costs (C) Signup and view all the answers

What distinguishes horizontal integration from vertical integration in corporations?

Vertical integration involves merging with or taking over other companies for complementary reasons (C) Signup and view all the answers

Why do companies engage in horizontal integration according to the text?

To dominate the market by merging with competitors (A) Signup and view all the answers

What is a key aspect of BP's vertical integration as mentioned in the text?

Owning shipping fleets, refineries, pipelines, and oil production rights (B) Signup and view all the answers

What is the primary method through which transnational corporations (TNCs) expand their industry?

Vertical and horizontal integration (D) Signup and view all the answers

How does vertical integration benefit a company in terms of costs and control?

Reduces costs and increases control (A) Signup and view all the answers

What is the purpose of horizontal integration in a company's strategy?

To diversify operations (B) Signup and view all the answers

Which type of integration involves diversifying by merging with or taking over another company?