Please mix the example or definition with the concept

Notice that there are $4$ options for the $5$ examples; thus, one concept will fit for $2$ examples

Group of answer choices

AXV is a manufacturer of plastic bags in Northern Missouri. However, environmental regulations about the use of plastic bags has made the company to diversify by acquiring a Hotel and Casino resort in Southern Arkansas

$[$ Choose $]$Forward Vertical Integration$$Horizontal related diversification$$Horizontal Unrelated diversification$$Backward Vertical Diversification$$

AXV is a manufacturer of plastic bags in Northern Missouri. The company opted for diversifying its interests by engaging in a Joint Venture with BXY to manufacture plastic straws in New York

$[$ Choose $]$Forward Vertical Integration$$Horizontal related diversification$$Horizontal Unrelated diversification$$Backward Vertical Diversification$$

AXV is a manufacturer of plastic bags in Northern Missouri. The company has decided to buy a $25\%$ stake in an oil refinery in El Dorado, Arkansas to reduce its raw materials costs

$[$ Choose $]$Forward Vertical Integration$$Horizontal related diversification$$Horizontal Unrelated diversification$$Backward Vertical Diversification$$

AXV is a manufacturer of plastic bags in Northern Missouri. Its latest annual report showed that $75\%$ of the revenues come from selling plastic bags to grocery chains in the US$,15\%$ from selling plastic straws to fast food restaurants, and $10\%$ from licensing its brand, "The plaztike", to manufacturers based in Eastern Europe

$[$ Choose $]$Forward Vertical Integration$$Horizontal related diversification$$Horizontal Unrelated diversification$$Backward Vertical Diversification$$

AXV is a manufacturer of plastic bags in Northern Missouri. Due to the pandemic that forced grocery chains in the US to rely less on customers entering their stores, the company just launched an Amazon store front to sell face shields to the public made from recycled plastic.

$[$ Choose $]$Forward Vertical Integration$$Horizontal related diversification$$Horizontal Unrelated diversification$$Backward Vertical Diversification$$