Which business practice is described by the following secenario A steel mill owner buys the mine that produces iron ore the railroad that transports the iron ore the factory that makes steelmaking fur?

The business practice described in the scenario is called vertical integration. This involves a company expanding its operations by acquiring or merging with companies at different stages of production within the same industry. In this case, the steel mill owner is controlling the entire supply chain—from raw material extraction to transportation and manufacturing—thereby increasing efficiency and reducing costs.