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78. Horizontal integration often results in less competition and the ability to raise prices. True False 79. Backward vertical integration is intended to secure raw
78. Horizontal integration often results in less competition and the ability to raise prices. True False 79. Backward vertical integration is intended to secure raw materials at a controllable cost while forward vertical integration is intended to secure access to customers. True False 80. If a company's sales and earnings are lagging analyst expectations, management may be tempted to acquire another company to meet those expectations. True False
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