is best described as a firm's ownership of its production of needed inputs or of the channels by which it distributes its outputs.

Vertical integration

Explanation:

Vertical integration is a technique in which a corporation owns or manages the ownership or supply chain of its suppliers , distributors, or retail locations.

It is required when the firms want to expand their business by purchasing another company that operates over and above supply chain management

Therefore according to the given situation the correct answer is Vertical integration.

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answerup to (3) three years;