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Vertical Marketing System
A supply chain in which the members act as a unified system; there are three types.
Formal
Pertains to actions, processes, or appearances that follow established rules, conventions, or procedures, often in professional or official contexts.
Independent
Not influenced or controlled by others; operating freely.
Reward Power
A form of power that stems from the ability to bestow rewards on others, often used as a motivational tool in various contexts, including leadership and management.
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