Business growth Flashcards
(5 cards)
1
Q
What is backwards intergration
A
When a business buys one of its suppliers
2
Q
What is forward intgration
A
when a business buys a company to which they previously sold their products
3
Q
Horizontal integration is
A
Where a business joins with another at the same stage of production
4
Q
vertical integration is
A
where a business joins with another business at a different stage of the same production process
5
Q
What is acquisitions
A
Acquisitions involve one business buying or taking over another.
