for backward integration to be a profitable strategy, a company must be able to multiple select question. match or exceed the supplier's production efficiency. maintain a similar cost structure as outside suppliers. develop in-house proprietary technology. improve product quality even if production efficiency is reduced.

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25-10-2022
Business

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for backward integration to be a profitable strategy, a company must be able to multiple select question. match or exceed the supplier's production efficiency. maintain a similar cost structure as outside suppliers. develop in-house proprietary technology. improve product quality even if production efficiency is reduced.

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SanofarAfrin SanofarAfrin · Answer 1 · 2022-10-29T07:06:36-04:00

Option (a) and (b) are the appropriate choices. A corporation must be able to retain an external supplier's cost structure and match or exceed the supplier's production efficiency for backward integration to be a viable strategy.

What does the term "backward integration" mean?

Backward integration is a type of vertical integration where a company takes on responsibilities that were previously handled by companies higher up the supply chain. In other words, backward integration occurs when a business acquires a supplier of goods or services for its operations.

The significance of backward integration

Backward integration, a type of vertical integration, enables companies to gain control over suppliers and boost the effectiveness of their supply chains. To gain a strategic advantage over rival companies and cut costs, businesses often merge with or acquire their suppliers.

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