Note AcademyNote Academy
Start

Economics (AS & A Level) · Oct / Nov 2021 · Paper 31 · Question 6

9708Growth and survival of firms

Firm X, which currently specialises in producing cars, takes over firm Y, which owns a number of car retail outlets. How may this be described?

  1. Ahorizontal integration
  2. Bthe formation of a cartel
  3. Cvertical integration backwards
  4. Dvertical integration forwards

As printed in the paper

Show the answer

Correct answer: D. vertical integration forwards

Sit this whole paper →More on Growth and survival of firms

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.