Define vertical integration and differentiate between forward vertical integration and backward vertical integration. Identify the three fundamental
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Question:
- Define vertical integration and differentiate between forward vertical integration and backward vertical integration.
- Identify the three fundamental explanations of how vertical integration can create value and discuss how value is created under each.
- Identify three reasons a firm may be able to create value through vertical integration when most of its competitors are not able to create value through vertical integration.
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