98.5k views
3 votes
Which of the following is a business practice used to reduce costs by controlling all aspects of production in an industry?

User Vasea
by
8.0k points

1 Answer

3 votes
It would be "vertical integration" that is a business practice that is used to reduce costs by controlling all aspects of production in an industry, since this eliminates competition and "streamlines" the production process.
User Nisham Mahsin
by
8.4k points