Question

What kind of integration is vertical integration?

		When the government outlaws discrimination against both short and tall people.
		When two firms join together in a conglomerate merger.
		When two firms related in the production process are owned by the same firm, as in a plywood manufacturer owning a logging company.
		all of the options

Answer 1

In a vertical intergration, two companies that are each other's suppliers, manufacturers or customers are integrated. In a conglomerate, two different firms are joint together.

What kind of integration is vertical integration?

When two firms related in the production process are owned by the same firm, as in a plywood manufacturer owning a logging company.

A logging company is involved in the process of cutting tress and transporting them to the desired location. A plywood manufacturer would need a logging company as it's supplier. Hence, this is a vertical integration.

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