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In what ways are backward integration and forward integration different, and how may these differences be shown via examples?
All companies are a part of a value system, which is an interconnected network of suppliers, customers, and other organizations that cooperate to provide goods and services to consumers. Vertical integration or integrating with other businesses at various stages of the same manufacturing route, such as manufacturers and distributors, includes both forward and backward integration. The organization may not always benefit from the integration techniques for a variety of reasons. One of the reasons is the lack of sufficient resources needed to enter a new business. Alternatives to integration strategies can occasionally be more advantageous.
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