For most of the 20^th century companies expanded their vertical scope in the belief that vertical integration reduced risk and permitted superior coordination compared to relying on markets.

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This statement is true. Many companies in the 20th century believed that vertical integration, or expanding their operations to include multiple stages of the supply chain, would allow them to reduce risk and improve coordination. This approach was seen as an alternative to relying solely on competitive markets for resources and inputs.

For Most of the 20th Century Companies Expanded Their Vertical

For Most of the 20^th Century Companies Expanded Their Vertical