$1$ point

Acquisitions or integration can be done in which of the following ways?

Vertically, by acquiring an entity occupying a different level in the value$-$delivery chain. This type of integration is favored by companies seeking to control the key aspects of the value$-$delivery process, such as Starbucks, which directly manages all aspects of its business.

Horizontally $-$ acquiring business entities at the same level of the value$-$delivery chain; such as a retailer acquiring another retailer or a manufacturer merging with another manufacturer.

Either a orb

Neither of the above