4. Vertical integration (Connect, Perform) Use vertical integration terminology to complete the following sentences. Oil companies adopt a strategy of when they acquire companies that locate oil deposits for them. allows a company to purchase supplies with no ongoing commitment to a relationship with A short-term agreement, or the supplier. Read the following scenario and then respond to the question from the company's management team that follows. An American company that manufactures hand-thrown stoneware, pottery, and other ceramics has hired you as a consultant to assist with developing a vertical integration strategy. The company's leadership is considering the acquisition of a nearby clay quarry and a chain of steakhouses that use ceramic tableware. What benefits would make purchasing the quarry and restaurant chain a favorable strategy? Check all that apply. Improved quality control Lower administrative costs More effective cost management along the value chain Lower marketing costs