Potential benefits of vertical integration stated on textbook pages 294-295 include the following: 1. Lowering Costs 2. improving quality 3. Facilitating scheduling and planning 4. Facilitating investments in specialized assets. 5. Securing critical supplies and distribution channels. Due to the COVID-19 related shortage of hand sanitizer, the New York State government announced it would manufacture its own sanitizer, dubbed "NYS Clean", rather than purchasing it from suppliers. Review the news article and video clip of the press release announcing the decision at this link: https:l/www.cnn.comi2020i03i09ihealth/coronavirus-nv-hand-sanitizer- trndiindexhtml Next. identify 3 benefits from the list above (Le. Lowering costs) that you see as relevant to NY State's decision to make its own hand sanitizer. [Review textbook pages 294-295 to confirm your understanding of the concepts). Then, list pporting facts from the news clip and video that illustrate each benefit. 1. a. Benefit #1: b. News fact(s} illustrating anticipated benefit to NYS: 2. a. Benefit #2: b. News factls) illustrating anticipated benefit to NYS: 3. a. Benefit #3: b. News factls) illustrating anticipated benefit to NYS: 4. Is this an example of forward or backward integration? Explain. 5. Additional Reflections: What other thoughts do you have regarding NY State's decision to produce its own hand sanitizer? What suggestions do you have to improve on its plan