What is an example of vertical integration?
Understand the Problem
The question is asking for an example of vertical integration, which is a business strategy where a company expands its operations into different stages of production or supply chain, typically to increase control over the production process and reduce costs.
Answer
Apple
The final answer is Apple.
Answer for screen readers
The final answer is Apple.
More Information
Apple represents a classic example of vertical integration because it designs its own hardware and software, manufactures key components, and even sells its products through its own retail stores, ensuring control over its entire supply chain.
Sources
- What Is Vertical Integration? - Dealroom - dealroom.net
- Vertical Integration: Definition, Examples, and Advantages - inboundlogistics.com
- Mastering Vertical Integration: Real-Life Examples and Best Practices - eightception.com
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