A firm that owns a wheat farm, a grain elevator, flower mill, commercial bakery,

Question

A firm that owns a wheat farm, a grain elevator, flower mill, commercial bakery, and a grocery store chain is A. A conglomerate B. And in perfect competitor C A monopoly D vertically integrated E.Horizontally integrated A firm that owns a wheat farm, a grain elevator, flower mill, commercial bakery, and a grocery store chain is A. A conglomerate B. And in perfect competitor C A monopoly D vertically integrated E.Horizontally integrated A. A conglomerate B. And in perfect competitor C A monopoly D vertically integrated E.Horizontally integrated

Explanation / Answer

The correct answer is D.

If a firm owns multiple steps in delivery of a product / service right from production to distribution, to delivery to the end-customer, a firm is said to be vertically integrated. Now in this case, the firm owns wheat firm from where it can produce. Now since it owns grain elevator and flower mill, it can do the processing to ultimately generate the finished products that it can sell in the market. Now, since it also owns the commercial bakery and grocery store chains, then the firm can ultimately distribute/deliver the product to end-customers.

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