Assume 'ChocoCraft', a premium artisan chocolatier, merges with its primary cooperative cacao bean supplier. Which one of the following is most likely to be an advantage of this merger?
External economies of scale will automatically reduce global shipping rates
Greater control over raw material quality and supply chain costs
Conglomerate diversification will reduce localized agricultural risks
Lower market power in the premium chocolate retail market
18 exam-style questions on Edexcel A A Level Economics 3.1 Business growth. Each one has a worked solution and a mark scheme showing where the marks go.