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What Seems to Be the Key Explanation for Vertical Integration

question 28

Essay

What seems to be the key explanation for vertical integration of two activities?


Definitions:

Opportunity

A set of circumstances that makes it possible to do something, especially to start a new business or launch a new product.

Timmons Model

A model of entrepreneurship that emphasizes the importance of opportunity, team, and resources, and how they are balanced and fit together.

Entrepreneurial Process

The sequence of steps and stages that an individual or team undergoes in launching and establishing a new business venture, from conception to realization.

Balancing Act

The effort to maintain stability between different forces, demands, or aspects in a situation.

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