answersLogoWhite

0

there is reduced dependence on imported goods since local suppliers provide the raw materials for the producers.

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Economics

One benefit of the backward linkage?

there is a reduced independence on omported goods since local suppliers provide the raw materials for the producers


What 3 benefits of backward linkages?

Backward linkages refer to the connections and relationships that a company or industry has with its suppliers and upstream partners. Three benefits of backward linkages include enhanced supply chain efficiency, as firms can work closely with suppliers to optimize processes; improved product quality through collaboration and feedback; and increased competitiveness, as companies can secure better pricing and terms by fostering strong relationships with key suppliers. These linkages ultimately contribute to a more resilient and responsive business model.


Why is the South so backward?

South is so backward because of economic inequality, and racial segregation.


Is forward linkage used in a salon?

no


What is two backward linkage you would expect the local backing and cake industry to have with the local economy?

The local baking and cake industry can create backward linkages with the local economy by sourcing ingredients such as flour, sugar, and eggs from nearby farmers and suppliers, thereby supporting local agriculture and food production. Additionally, the industry may engage with local packaging manufacturers for materials, fostering a network of businesses that contribute to the economic ecosystem. This not only boosts local employment but also strengthens community ties through collaborative economic activity.

Related Questions

What is Forward linkage and backward linkage as it relates agriculture and industry?

forward linkage


What are the benefits of backward linkage in a business?

there is reduced dependence on imported goods since local suppliers provide the raw materials for the producers.


What is a backward linkage?

A backward linkage is an effect in which increased production by a downstream manufacturer provides positive pecuniary externalities to an upstream manufacturer.


What type of linkage is to be derived from a restaurant?

this would be a backward linkage


What kind of linkage is a funeral home business?

its will be backward linkage due to the fact that it will be depending on persons or clients to bring there loved ones..


How can backwards linkage relate to a business?

because backward linkage is part of entrepreneurship for example: dress made of cloth then cloth made of cotton then you proceed into the cotton industry


What type of linkages is to be derived from a bakery?

The type of linkage is backward linkage.This refers to when a business is not directly linked to a firm or business for its raw material.


What are the benefits of a forward linkage?

One benefit of Forward Linkage is that the success of one business can be used to help a business in progress.


One benefit of the backward linkage?

there is a reduced independence on omported goods since local suppliers provide the raw materials for the producers


What is an example of a reversing linkage?

train


What is the difference of backward and forward linkages?

Froward Linkages - When one industry or sector produces the raw materials for another, this is referred to as the forward linkage. Forward movement of the activity Backward Linkages - Means that one industry has to depend upon another industry that is not directly related to it for services.


What type of linkages does a beauty salon have?

a forward linkage because it benefits on other business to give them they manufactured product