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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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