Question

Which sort of integration is a business term for acquiring a supplier?

Answer 1

In business, "vertical integration" is a term used to describe the acquisition of a supplier by a company. This type of integration allows the company to control the entire supply chain from production to distribution, which can reduce costs and increase profits.

Answer 2

The sort of integration that is a business term for acquiring a supplier is referred to as vertical integration. This is a strategy where a company acquires other companies that are involved in different stages of the same supply chain, such as suppliers, distributors, or retailers. By doing so, companies can gain greater control over their supply chain and reduce their dependence on external suppliers. Vertical integration can also help companies to improve efficiency, reduce costs, and increase profit margins. However, it can also be a complex and costly process and may not always deliver the desired results.