If a firm produces at more than one stage of the supply chain, the firm is vertically integrated.

Name: If a firm produces at more than one stage of the supply chain, the firm is vertically integrated.
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Question

Quizplus · Accepted Answer

Vertical integration refers to a company owning and operating multiple stages of the supply chain, from raw materials to finished product. Therefore, if a firm produces at more than one stage of the supply chain, it is considered vertically integrated.

If a Firm Produces at More Than One Stage of the Supply