Which of the following is a business practice used to reduce costs by controlling all aspects of production in an industry?

A) monopoly

B) vertical consolidation

C) horizontal consolidation

D) free enterprise

Option B

vertical consolidation is a business practice used to reduce costs by controlling all aspects of production in an industry

Explanation:

Vertical consolidation is a process for manufacturers to conquer strife. Vertical consolidation is if one organization masters all phases of a particular enterprise. vertical consolidation includes purchasing firms up or underneath the supply chain.

In such a situation, a firm would acquire corporations that implement it with the substances it requires to deliver its products. There are various purposes why a firm may elect to vertically consolidate: For quality check Constance, For just-in-time rendering aspects, For expense restriction, For much awareness of client requirements.