Why are generic industry value chains called vertical value chains?
What will be an ideal response?
Industry value chains are also called vertical value chains, because they depict the transformation of raw materials into finished goods and services along distinct vertical stages. Each stage of the vertical value chain typically represents a distinct industry in which a number of different firms are competing. This is also why the movement of a firm backward or forward along the vertical industry value chain is called vertical integration.
You might also like to view...
Consumers now receive sales offers through direct-mail letters and catalogs, television, cell phones, and the Internet. The nonstore-based retailers are taking business away from store-based retailers
Indicate whether the statement is true or false
When total anticipated factory overhead is $100,000 and budgeted direct labor hours are 40,000, what is the predetermined factory overhead rate if it is based on direct labor hours?
a. $4.00/hour; b. $2.50/hour; c. $0.40/hour; d. $0.25/hour; e. none of these
One of the four basic mediation strategies is ________, where mediators have high concern for aspirations, low perception of common ground, and involves mediator application of rewards and inducements to entice the parties into making concessions and agreements.
Fill in the blank(s) with the appropriate word(s).
What is the name of the national organization that provides considerable resources and educational information for all state courts?
a. The National Center for State Courts b. The Judicial Conference for State Courts c. The Judicial Center for State Courts d. The National Conference for State Courts