Question: Which statement best describes backward integration? Multiple choice question. It occurs when a manufacturer undertakes retailing and wholesaling activities. It is the process by which

Which statement best describes backward integration?
Multiple choice question.
It occurs when a manufacturer undertakes retailing and wholesaling activities.
It is the process by which a manufacturer removes a retailer from its supply chain.
It is the process by which a manufacturer merges with another manufacturer.
It occurs when a retailer performs some wholesaling and manufacturing activities.

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