Question

Match each business practice with the correct description or example (1 point)
Put responses in the correct response input area to answer the question. Select a response, navigate to the desired input area and insert the response. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can also be moved by dragging with a mouse.
Vertical Integration
Press enter key to drop response here.
Monopoly
Press enter key to drop response here.
Horizontal Integration
Press enter key to drop response here.

Answers

GPT-4o mini
Here are the correct matches for each business practice:

**Vertical Integration**
- A company's expansion into different stages of production, such as when a manufacturer owns its supplier and distribution channels.

**Monopoly**
- A market structure in which a single seller or producer controls the entire supply of a product or service, limiting competition.

**Horizontal Integration**
- A strategy where a company acquires or merges with competitors in the same industry to increase its market share.

You can fill in the responses as follows:

- Vertical Integration: (insert description of vertical integration)
- Monopoly: (insert description of monopoly)
- Horizontal Integration: (insert description of horizontal integration)