Nate owns two retail stores in Orlando that sell outdoor sports equipment to end$-$users. Which of the following scenarios indicates that Nate is engaging in backward integration?

Multiple choice question.

He organizes sporting events to improve the brand image in the market.

He collaborates with a sports retailer in Jacksonville to expand his target market.

He acquires a warehouse to regulate the distribution of merchandise to his stores.

He opens an online store that offers a deeper assortment of sports merchandise.