You are thinking of buying a tortilla factory in a nearby state. This action would be an example of Backward vertical integration
What is the meaning of backward vertical integration?
Backward integration is a form of vertical integration in which a company expands its role to fulfill tasks formerly completed by businesses up the supply chain. In other words, backward integration is when a company buys another company that supplies the products or services needed for production.
What is meaning of backward integration?
Backward integration is a process in which a company acquires or merges with other businesses that supply raw materials needed in the production of its finished product
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