The term vertical integration means to:a) develop the ability to produce products that complement or supplement the original product.b) produce goods or services previously purchased.c) develop the ability to produce the specified good moreefficiently.d) all of the above.

Figures derived from a ratio analysis of a firm need to be evaluated against the past performance of the firm to understand its current health. True or False

Illustrate how a hotel, restaurant, or recreation and parks can deal with the intangibility, inseparability, variability, and perishability of the service it provides. Give specific examples. And what are some common management practices that the business you selected above use to provide a consistent product?

26) A competitive advantage can be realized if an organization can achieve effective integration of its various business processes. True or False?  True  False