Forward Integration Might Include Acquiring a Customer

question 20

True/False

Forward integration might include acquiring a customer.

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Definitions:

Competitive Advantage

A scenario or variable that positions a business more favorably or advantageously in relation to its competitors.

Resource-Based View

A managerial framework used to determine the strategic resources available to a company for gaining a competitive advantage.

Strategic HR Planning

The process of aligning human resource management strategy with the overall strategic direction of an organization to ensure that the future needs and goals are met.

Organizational Strategy

Long-term planning and decision-making framework that guides a company in achieving its goals, considering internal capabilities and external opportunities.