Opening retail stores, the way 'Apple' has opened , a classic example of?
Correct answer: A. vertical integration
- A. vertical integration
- B. horizontal integration
- C. consolidation
- D. geographic expansionCompare HR Software
Explanation
Apple’s move into its own retail stores is forward vertical integration because the producer takes control of a downstream distribution and retail activity. Geographic expansion only describes location, not the change in the value chain.
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About Principles of Management
Management principles explain how organisations set objectives and coordinate people and resources to achieve them. Coverage includes planning, organising, staffing, directing, coordinating and controlling, along with authority, responsibility, delegation, span of control and the levels of management. These functions are related but not interchangeable, especially planning and controlling.
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