NECO Commerce 2025 Objective — Question 9
Question 9 of 50 from the National Examinations Council (NECO) Commerce 2025 Objective paper, with the correct answer and a full explanation.
Advertisement
If a groundnut farmer takes over a vegetable oil processing company, the merger is
- A. backward integration
- B. diagonal integration
- C. forward integrationCorrect
- D. horizontal integration
Explanation
The farmer is moving downstream towards the consumer in the supply chain, which is forward integration.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.