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Asked Jun 4, 2019
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What is backward integration?

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Expert Answer

Step 1

1)Backward integration is a shape of vertical integration in which a enterprise expands its fuction to satisfy responsibilities previously finished through corporations up the deliver chain.

2)Organizations regularly entire backward integration withthe aid of obtaining or merging with those different groups,but they can also accomplish that on their personal.

Step 2

Good example for backward integration is consider a car manufacturing company.For the manufacturing of a car it requires a lot of raw materials like steel and iron for making cars. for seats rubber m...

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