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What is the Definition of vertical integration?

Answer:

Answer

Vertical integration is adding a process to your business, which follows your core business along the production chain.
The production chain are the steps that need to be taken in order to move from 'inputs' to 'sales'.

Example for vertical integration:

Mobile phone providers like Vodafone added 'consumer sales' to their business, by opening stores.
Their core business is delevering the service, not retailing.

First answer by ID1448225262. Last edit by Mindyt. Contributor trust: 0 [recommend contributor recommended]. Question popularity: 24 [recommend question].