An automobile manufacturer purchases a firm that produces wiring harnesses, this is backward Integration.
Backward integration :
- It would be a bakery purchasing a grain processor. some more backward integration examples would be an automobile organization owning an organization, and a metal organization.
- Organizations typically use backward integration to gain control over their supply chains.
- Some organizations use a backward integration strategy when they feel a supplier has too much power over them. Backward integration isn’t just limited to the manufacturing sector but has also been used in other industries, too.
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