Most goods and services are produced through a chain of vertical activities which add value.

Question

Quizplus · Accepted Answer

This statement is true. Vertical activities refer to the different stages or levels of production that a good or service goes through before being delivered to the end consumer. Each activity in the chain adds value to the final product, resulting in a higher price and improved quality. Examples of vertical activities include raw material sourcing, manufacturing, distribution, marketing, and sales.

Most Goods and Services Are Produced Through a Chain of Vertical