vertical mergers are those in which the participants are
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Answer:
in different phases of the value chai
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Concept introduction:
Functional structure is a situation in which a firm's supply chain is integrated and owned by that organization. It is a concept that is used in cost accounting, leadership, and international order. Typically, each link in the supply chain creates a unique good or service, which when combined, meets a need.
Explanation:
We have to answer the question.
A question has been given to us.
vertical mergers are those in which the participants are in different phases of the value chain.
Final answer:
Hence, the correct answer of the question is -> vertical mergers are those in which the participants are in different phases of the value chain.
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