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Jun 17, 2011 · *P38819A0 8* 5 Turn over 4 Reliance Industries Ltd (RIL) is an energy group which refines oil into petrol in India. In 2002 it merged with a crude oil extraction firm. What might be RIL’s reason for this merger? (1) A To gain from the benefits of horizontal integration B To gain from the benefits of backward vertical integration C To gain from the benefits of forward vertical …
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