Describe the types of multiplant firms
Describe the types of multiplant firms?
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a. Horizontal integrated: a multiplant firm with plants in the same stage, like a retail chain store such as J. C. Penney or Safeway.
b. Vertical integrated: a multiplant firm in which the company owns plants at different production stages. Example: A steel company may own ore and coal mines as well as different plants in different stages of the manufacturing process.
c. Conglomerate: a firm that owns plants in different industries or markets.
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