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You decide to integrate your supply chain to cut down production time. This is an example of a(n) _________ strategy.

Sagot :

Parrainidn

When a company integrates its supply chain to allow it to improve efficiency, this is known as Vertical Integration.

What is vertical integration?

  • Involves acquiring a company along the supply chain.
  • Can be either forward or backward integration.

Forward integration involves acquiring a company that is further along in the supply chain such as a producer acquiring a retailer. Backward integration would be the reverse situation.

In conclusion, this is vertical integration.

Find out more on vertical integration at https://brainly.com/question/19815172.

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