If a Firm Engages in Vertical Integration into a Business

question 60

True/False

If a firm engages in vertical integration into a business activity where it does not possess any of the valuable, rare, or costly-to-imitate resources it needs to gain a competitive advantage, it may find itself at a competitive disadvantage to the extent that some firms already have competitive advantages in these business activities.

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Definitions:

Human Development

The multidisciplinary study of how people change and how they remain the same over time.

Piaget

Jean Piaget was a Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development that describes how children construct a mental model of the world.

Cross-Sectional Research

A type of observational study that analyzes data from a population, or a representative subset, at a specific point in time.

Age

The length of time that a person or organism has been alive; also a specific phase in life characterized by physical, psychological, or social attributes.