Question: 1. Under what conditions might horizontal integration be inconsistent with the goal of maximizing profitability? 2. What is the difference between a company's internal value

1. Under what conditions might horizontal integration be inconsistent with the goal of maximizing profitability? 2. What is the difference between a company's internal value chain and the industry value chain? What is the relationship between vertical integration and the industry value chain? 3. Why was it profitable for GM and Ford to integrate backward into component-parts manufacturing in the past, and why are both companies now buying more of their parts from outside suppliers

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