The following statements are about the types of vertical integration. Select if they are true or false. a. Vertical integration can take three forms: forward, backward and full integration. True False b. Backward integration is the shift of the firm to engage with activities that otherwise constitute outputs for its core work. True False c. Forward integration is the shift of the firm to directly engage with activities that are currently the value- added inputs from its supplier. True False d. Full integration is when the firm has most of the control and ownership of the value chain underlying its products and/or services. True False
The following statements are about the types of vertical integration. Select if they are true or false. a. Vertical integration can take three forms: forward, backward and full integration. True False b. Backward integration is the shift of the firm to engage with activities that otherwise constitute outputs for its core work. True False c. Forward integration is the shift of the firm to directly engage with activities that are currently the value- added inputs from its supplier. True False d. Full integration is when the firm has most of the control and ownership of the value chain underlying its products and/or services. True False
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:The following statements are about the types of vertical integration. Select if they are true or false.
a. Vertical integration can take three forms: forward, backward and full integration.
True
False
b. Backward integration is the shift of the firm to engage with activities that otherwise constitute outputs
for its core work.
True
False
c. Forward integration is the shift of the firm to directly engage with activities that are currently the value-
added inputs from its supplier.
True
False
d. Full integration is when the firm has most of the control and ownership of the value chain underlying its
products and/or services.
True
False
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