1.One change in supermarkets in the last few decades is that they now operate their own wholesale...
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1.One change in supermarkets in the last few decades is that they now operate their own wholesale operations. They have gotten rid of that middleman but the function of that middleman (wholesaling) still must be undertaken, just now it is within the retailer company. Walmart has followed this strategy successfully for several decades. Under what conditions will this internal operation of wholesaling into the retail operation (a form of vertical integration) be profitable?
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