In the late 1800s, what factor most contributed to the successful implementation of the practices of vertical and horizontal integration?
Answers
The correct answer is option C.
Adoption of Laissez-faire economic policies contributed to the successful implementation of the practices of vertical and horizontal integration in the late 1800s.
Horizontal integration is the practice of buying smaller businesses creating competition.
Vertical integration is the practice of buying companies that supply.
ANSWER:
The Government interference in the business activities was relaxed in the late 1800’s so the horizontal and vertical integrations practices. implemented successfully.
EXPLANATION:
Integration means the combination of things. Horizontal integration means acquisition of same kind or different kind of industries together. It expands the market space but can lead to monopoly If one company acquires most of the industries.
Vertical Integration means combining the stages of supply chain, It gives complete control over the production from commodities to retail hence the firm can be free from the supply disruption and the quality also can be improved.