Question: Put the value chain steps in order, starting with research and development. Briefly describe the key activity or activities involved in each step, and explain

Put the value chain steps in order, starting with research and development.

Briefly describe the key activity or activities involved in each step, and explain why the order is important.

Why do some companies choose to operate within just one of these steps, while other companies choose to operate across multiple steps of the value chain? Is it always better to operate in multiple steps as opposed to just one step? Explain.

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