Vertical Integration Is the Involvement by a Company in More

question 108

True/False

Vertical integration is the involvement by a company in more than one of the steps from securing basic raw materials to the production and distribution of a finished product.

---

Definitions:

Woodward's Classification

A framework for classifying industrial organizations based on the complexity of the technology used in the production process.

Information Technology (IT)

The use of computers, networking, storage, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Capability

The ability or power to do something effectively or to achieve a particular outcome.

Adhocracy

An organizational model characterized by flexibility, employee empowerment, and an emphasis on innovation, often in contrast to bureaucratic structures.