Homework Answers
A firm that participates in more than one successive stage of the production of a good is:
ANSWER: Vertically Integrated
REASON: A vertically integrated firm partipates in more than one successive stages of production of a good. A company is able to create a competitive advantage by reducing costs and improving efficiencies. It is a strategy used by firms and companies to own or control its operations within the supply chain. It operates its suppliers, distributors, or retail locations to control its value.
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