Question: Which of the following statements explains the difference between forward integration and backward integration? Group of answer choices A manufacturer takes up the product's distribution

Which of the following statements explains the difference between forward integration and backward integration?

Group of answer choices

A manufacturer takes up the product's distribution responsibilities in forward integration, while a manufacturer controls raw material inputs in backward integration.

Forward integration deals with tangible goods and perishable services, while backward integration deals with perishable goods and intangible services.

The number of intermediaries in a forward integration process is greater than the number of intermediaries in a backward integration process.

Forward integration deals with the internal or micro

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environmental factors of a firm, while backward integration deals with the external or macro

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environmental factors of a firm.

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