Asked by
Ankit Kumar
on Oct 10, 2024
Verified
When a company is involved in more than one activity in the entire value chain, it is vertically integrated.
Value Chain
The major business functions that add value to a company's products and services, such as research and development, product design, manufacturing, marketing, distribution, and customer service.
Vertically Integrated
A business structure in which a company controls multiple stages of the production process, from raw materials to final product delivery.
- Comprehend the notion of vertical integration and its impact on economies of scale as well as command over the supply chain.
Verified Answer
AB
Learning Objectives
- Comprehend the notion of vertical integration and its impact on economies of scale as well as command over the supply chain.
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