Which business practice is described by the following scenario is still mill owner buys the mind that produces iron ore the railroad that transports the iron ore the factory that makes still making fu?

The business practice described in the scenario is called vertical integration. This strategy involves a company owning multiple stages of production and supply chain processes, from raw material extraction to manufacturing and distribution. By acquiring the iron ore mine, the railroad, and the factory, the mill owner seeks to control costs, improve efficiency, and reduce reliance on external suppliers.