Exchanges can be vertical or horizontal.

Name: Exchanges can be vertical or horizontal.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. Exchanges can be vertical or horizontal depending on the nature of the entities that are being exchanged. Vertical exchanges involve transactions between firms in different stages of the production process (such as a supplier and a manufacturer), while horizontal exchanges involve transactions between firms in the same stage of the production process (such as competing manufacturers).

Exchanges Can Be Vertical or Horizontal