Final answer:
The process in which the Kansas farmer is engaging by trading grain for milk cows with a dairy farm in Texas is known as Vertical Integration.
Step-by-step explanation:
In the scenario where a farmer in Kansas sells her grain to a dairy farm in Texas and in return receives milk cows, the farmer is participating in a process known as b) Vertical Integration. Vertical integration occurs when a company expands its operations into different stages of production within the same industry. In this case, the grain farmer is integrating downstream into dairy farming by obtaining milk cows, which are related to her grain production since grain can be used to feed livestock.final answer is correct. option D.
This type of integration can benefit the farmer by reducing costs and increasing control over the supply chain of her products.The process the farmer is participating in is Supply Chain Management. Supply chain management refers to the coordination and management of all activities involved in the production, distribution, and sale of a product or service.In this scenario, the farmer is selling her grain to a dairy farm in Texas, and in return, the dairy farmer provides her with milk cows.
This transaction is part of the larger supply chain that enables the production and distribution of milk.By participating in the supply chain, the farmer is ensuring the efficient flow of goods from the source (her farm) to the end-consumer (the dairy farm in Texas).