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Define Vertical Integration and Differentiate Between Forward Vertical Integration and Backward

question 67

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Define vertical integration and differentiate between forward vertical integration and backward vertical integration.


Definitions:

Medical Researcher

refers to a professional engaged in conducting studies aimed at improving knowledge of diseases, developing medical treatments, or furthering health sciences.

Invention

The act of creating something new or a novel solution to a problem through innovative thinking.

Prospects

Potential or likely customers, clients, or users of a service or product, or the possibility of future success.

Ethnic Groups

Communities or populations sharing common cultural traditions, ancestry, language, or history.

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