Part 1What is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor?Part 2
A. vertical integration B. horizontal integration C. virtual companies D. outsourcing

Question

Part 1What is developing the ability to produce goods or services previously purchased or actually buying a supplier or a​ distributor?Part 2
A. vertical integration B. horizontal integration C. virtual companies D. outsourcing

BlackTom AI · Accepted Answer

The question asks about the concept of developing the ability to produce goods or services that were previously purchased, or actually acquiring a supplier or distributor. This points to a specific business strategy aimed at controlling more of the supply chain.
Option A: A. vertical integration. This option describes the scenario where a company expands by gaining control over its suppliers or distributors, effectively moving ownership along the supply chain. It aligns with developing in-house production of previously purchased items or acquiring a supplier/distributor to secure supply and reduce reliance on others.
Option B: B. horizontal integration. This would mean a company expands by acquiring or merging with other firms at the same stage of the supply chain (e.g., two manufacturers of similar products). While it can increase market share or capabilities, it does not directly address producing what was previously purchased or buying a supplier/distributor, so this is not the best fit for the described concept.
Option C: C. virtual companies. A virtual company relies on networks, outsourcing, or partnerships rather than owning large portions of the supply chain. This approach keeps most activities external rather than bringing production in-house or acquiring suppliers, so it does not match the idea of developing internal production or ownership of distributors.
Option D: D. outsourcing. Outsourcing is the practice of contracting out certain activities to external firms rather than performing them in-house. It directly contrasts with developing the ability to produce goods internally or acquiring a supplier, so it does not describe the development or ownership of production capabilities.
In summary, the described notion of bringing production in-house or purchasing parts of the supply chain corresponds to vertical integration, since it involves controlling more stages of the production process or distribution network. However, the other options depict different strategic approaches to growth or operation that do not fit the given definition as closely.

Homework:Ch 11 Homework

Part 1What is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor?Part 2 A. vertical integration B. horizontal integration C. virtual companies D. outsourcing

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