The number of steps in a firm's value chain that it accomplishes within its boundaries describes the firm's level of
A) product differentiation.
B) diversification.
C) vertical integration.
D) competitive dynamics.

Question

Quizplus · Accepted Answer

Vertical integration refers to the degree to which a firm owns or controls its own supply chain. This includes the steps in the value chain that the firm accomplishes within its own boundaries. Therefore, the number of steps accomplished within its boundaries is a measure of the firm's level of vertical integration.

The Number of Steps in a Firm's Value Chain That