Geography, 01.01.2020 15:31 aliozochika
Occurred when financiers bought up several producers of the same product, giving the new owners a large share of the total production of goods, enabling them to set market prices, while took that process further by uniting the producers of product inputs with the product manufacturer in a single corporate structure.
a. economies of scale ; fordism
b. fordism; economies of scale
c. horizontal integration; vertical integration
d. vertical integration; horizontal integration
Answers: 2
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