Question

study the diagram.

which process does the chart demonstrate?

• vertical integration
• horizontal integration
• scientific management
• monopolistic business

Explanation:

The diagram shows one steel mill purchasing other steel mills (Steel Mill #1 buys Steel Mill #2 and Steel Mill #3). Since all these businesses operate at the same level of production within the same industry, this process of consolidation is known as horizontal integration.

Answer:

Horizontal integration