Question

Difference between backward and forward integration

Answer 1

Vertical Integration is between two firms that are carrying on business for the same product but at different levels of the production process. ...Backward Integration: When the company acquires control over its supplier, then it is upstream orbackward integration.

Answer 2

Difference between backward and forward integration

Explanation:

• Vertical integration in business consists of two types as backward and forward integration. The backward integration is possible when a company acquires the supply chain process for better supplies.  

• It helps the forms control the raw material. They help to control the production and it helps to manage overall operations.

• The forward integration is when the company acquires those companies that provide the raw material for manufacturing products.

• This reason companies can expand their business and grow globally. An example of the furniture industry.  

• The forward integration is the supply system that allows the comes to use its techniques for a better supply system.  When the form acquires the distribution channel they build their own distribution network.

Learn more about the difference between backward and forward integration.

• brainly.in/question/9223419 answered by Brainly User.