Vertical integration can only occur when a firm acquires a firm that is closer to the consumer.

Name: Vertical integration can only occur when a firm acquires a firm that is closer to the consumer.
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Quizplus · Accepted Answer

Vertical integration can occur at any point in the supply chain, whether it's upstream (towards suppliers) or downstream (towards customers). It involves a company purchasing or merging with another company in the same industry but at a different stage of the production process.

Vertical Integration Can Only Occur When a Firm Acquires a Firm