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Big Business Terms

Authored by Stephanie Turmel

Social Studies

9th - 12th Grade

18 Questions

Used 17+ times

Big Business Terms
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The business expands its operations by acquiring or merging with other companies at the same stage of the supply chain. 

Horizontal Integration

Vertical Integration

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The company owns and controls its supply chain, from raw materials to finished products. 

Horizontal Integration

Vertical Integration

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The main benefit is gaining greater control over the supply chain, ensuring consistent quality, and reducing costs. 

Horizontal Integration

Vertical Integration

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The approach focuses on increasing market power, reducing competition, and diversifying products and services. 

Horizontal Integration

Vertical Integration

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The acquisition of Instagram by Facebook (now Meta) in 2012 is an example of ___________, because both companies operated in the same industry (social media).

Vertical Integration

Horizontal Integration

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The 1998 merger of two major oil companies, Exxon and Mobil is an example of a ____________________>

Vertical Integration

Horizontal Integration

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______________________________ in American history are large companies that controlled an industry or a sector, giving them the ability to control the prices of the goods and services they provided.

Vertical Integrations

Monopolies

Stocks

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