rileyjohnson44
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Argue why vertical integration is necessary for Jim in the following scenario.

Situation: Jim Smith owns a small ranch and independently sells his corn crop to food producers. His best client did not renew his contract and went with a different farmer because the other farmer offered a lower price than Jim did.

Respuesta :

zoeylombard

Answer: it is necessary because vertical integration is when one company or two or more stages of production normally operated by separate companies. So that mean vertical integration benefits companies by allowing them to control process, reduce costs and improve efficiencies. So his client to renew his contract in order to work with jim

Explanation:

The vertical integration that is necessary for Jim is correct and the same is to be considered.

Importance of the vertical integration:

In this type of integration, the one company or there is two or more production stages should normally be operated by the distinct companies.

So here the benefits by permitting them to control the process due to which the cost is decreased and efficiencies are improved out.

Hence, The vertical integration that is necessary for Jim is correct.

Learn more about integration here: https://brainly.com/question/24177947

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