Splitting the value chain refers to O large corporations participating in different industries. the components of a product are produced in different countries and by different companies O how the production process changes when companies merge O Companies produce all components needed in the production of a good, but they split the production process among different departments within the same c

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter1: Ten Principles Of Economics
Section: Chapter Questions
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Question 13
Splitting the value chain refers to
O large corporations participating in different industries
the components of a product are produced in different countries and by different companies.
O how the production process changes when companies merge
O Companies produce all components needed in the production of a good, but they split the production process among different departments within the same company.
Transcribed Image Text:Question 13 Splitting the value chain refers to O large corporations participating in different industries the components of a product are produced in different countries and by different companies. O how the production process changes when companies merge O Companies produce all components needed in the production of a good, but they split the production process among different departments within the same company.
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