Why did business leaders begin the practice of vertical integration?(1 point)

Responses

Small companies could grow so that they could compete with the larger companies.
Small companies could grow so that they could compete with the larger companies.

Large corporations could control the cycle of a product from creation to sale.
Large corporations could control the cycle of a product from creation to sale.

Big companies could grow by merging with other companies or acquiring them.
Big companies could grow by merging with other companies or acquiring them.

Factory workers could start in low positions and work their way up to management.

1 answer

The correct response is:

Large corporations could control the cycle of a product from creation to sale.

Vertical integration allows companies to manage and control the entire production process, from raw materials to final sale, which can lead to increased efficiency, reduced costs, and greater market control.