passwella.
Menu

WAEC Commerce 1994 Question 28

Question 28

Business Combinations

The coming together of firms at different stages of the production process is known as

  1. A.horizontal integration
  2. B.vertical integration
  3. C.consortium
  4. D.cartel
  5. E.holding company
Show the answer and explanation

Answer: B (vertical integration)

Explanation

Vertical integration joins firms at different stages of the same production chain.