"Sometimes Companies Choose to Go Upstream and Become Their Own

question 98

Essay

"Sometimes companies choose to go upstream and become their own suppliers." Explain this statement with an example.

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Definitions:

Value-Adding Service

Value-Adding Service refers to activities or features that enhance a product or service, increasing its value to customers beyond the basic function.

Pride

A feeling of deep satisfaction derived from one's own achievements, the achievements of those with whom one is closely associated, or from qualities or possessions that are widely admired.

Motivates

Inspires or stimulates someone to act in a way that achieves goals or fulfills desires.

Developmental Program

A structured set of activities designed to improve skills, knowledge, or competency in a specific area or field.