If a pharamacy and a department store are competing, it would be vertical competition.

Question

Quizplus · Accepted Answer

Vertical competition occurs between firms involved in different stages of the production process or distribution chain. A pharmacy and a department store are not in different stages of the process, and therefore their competition would not be considered vertical. Instead, it would be more accurately described as horizontal competition since they are both offering different products in the same retail market.

If a Pharamacy and a Department Store Are Competing, It