WHAT IS BACKWARD INTEGRATION ?
Answers were Sorted based on User's Feedback
Answer / dkd
Backward Integration is a strategy employed to expand
profits and gain greater control over production of a
product whereby a company will purchase or build a business
that will increase its own supply capability or lessen its
cost of production. For example, a clothing manufacturer may
purchase one of its suppliers of fabrics to lessen the cost
of raw materials and have more control over the delivery
schedules of the finished product.
Is This Answer Correct ? | 5 Yes | 0 No |
why you choose m.b.a?
? What do you see yourself doing in 5-10 years?
What do you mean by incomplete records?
Principles of Economics Suppose the price elasticity of demand for the textbooks is two and the price of the textbook is increased by 10% By how much does the quantity demand fall? Enter the results and discuss reason for the fall in quantity demand.
What is the difference between public and private limited company?
whether MBA is necessary for starting a new business
What are the GL postings in Stock revaluation and stock adjustment transactions?
What is Bank?
responsibilities of HR
How do you plan to achieve these goals?
Why do you wish to go for a management career? What alternative career you are considering and why? Describe your strengths and weaknesses as identified by you? What is the most significant achievement so far?
2 Answers Fullerton, ICICI, IIM,
If you were the Chief Executive Officer of a large Corporation, How would you"Institutionalize" ethics in the Corporation?