Vertical integration and supply chain extension are essentially the same concepts.

Question

Quizplus · Accepted Answer

Vertical integration refers to a company expanding its control over the production and distribution process of its products, while supply chain extension refers to a company expanding its reach within its supply chain network to ensure a steady flow of resources and goods. While both concepts involve extending a company's operations, they are not the same.

Vertical Integration and Supply Chain Extension Are Essentially the Same