Economics (AS & A Level) · Oct / Nov 2023 · Paper 33 · Question 6
9708Growth and survival of firms
The world's largest coffee restaurant chain purchased a large coffee bean farm in Costa Rica. The farm has research and development facilities to study specific diseases that devastate the coffee bean crop. How is this type of takeover classified?
- Ahorizontal integration
- Borganic growth
- Cvertical backward integration
- Dvertical forward integration
As printed in the paper
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Correct answer: C. vertical backward integration
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