Why Are Generic Industry Value Chains Called Vertical Value Chains

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The Answer is 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.

Why Are Generic Industry Value Chains Called Vertical Value Chains

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Why Are Generic Industry Value Chains Called Vertical Value Chains

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