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What Is the Basic Foundation of Modernization Theory

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What is the basic foundation of modernization theory?


Definitions:

Vertical Integration

A strategy where a company expands its business operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.

Supply Chain

The network of all entities involved in producing and delivering a product or service, from the raw material to the end user.

Successful Supply Chains

Supply chains that effectively and efficiently integrate the flow of goods, services, information, and finances from raw materials to end consumer.

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