A milk processing company takes over a group of dairy farms before merging with a chain of supermarkets.
Which types of integration have taken place?
Types of Integration
Quiz
•
Business
•
10th - 12th Grade
•
Medium
Ross Cornes
Used 4+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A milk processing company takes over a group of dairy farms before merging with a chain of supermarkets.
Which types of integration have taken place?
diversification followed by horizontal
horizontal followed by vertical backward
vertical backward followed by vertical forward
vertical forward followed by diversification
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A stock exchange is a market in which
a system of barter operates.
the interest rate is fixed.
the value of the exchange rate is determined.
shares are bought and sold.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
General Motors, a large multi-national company based in the United States, sold some of its
European car assembly plants to other car manufacturers during the world recession (economic downturn) in 2009.
Which economic reason would have been most likely to influence this decision?
to benefit from horizontal integration of manufacturing
to diversify and expand its product range
to encourage vertical integration of sales and production
to reduce its excess capacity in car production
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why might a government encourage a monopoly?
It can have high average costs.
It can compete against foreign firms.
It can prevent innovation.
It can make excessive profits.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What might be a direct benefit to the individual worker of a specialised job?
Specialisation enables a better quality product to be produced.
Specialisation enables the firm to introduce more machinery.
Specialisation enables the worker to become more skilled.
Specialisation makes better use of resources.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A large tyre manufacturer expands by taking over a rubber plantation.
Of what is this an example?
backward vertical integration
diversifying integration
forward vertical integration
horizontal integration
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The world’s open-cast mining of mineral ores is dominated by a few multinational companies which employ relatively few workers.
What does this indicate?
Production is capital-intensive.
Productivity of labour is low.
The market is perfectly competitive.
There is a monopoly of world production.
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