Decisions relating to "what stages of the industry value chain to participate in" determine a firm's
A) level of diversification.
B) geographic scope.
C) vertical integration.
D) competitive strategy.

Question

Quizplus · Accepted Answer

The industry value chain describes the transformation of raw materials into finished goods and services along distinct vertical stages. This decision determines the firm's vertical integration.

Decisions Relating to "What Stages of the Industry Value Chain