23 Analyse the benefits of vertical integration as growth strategies to a business. [6]

[Areena]

[Kn]Managing costs
[An]When an organization owns all the companies in the supply chain, it's often able to lower costs significantly more than would if it continued to work with separate companies involved in the production process.
[An+]These cost savings often allow companies to reduce prices for customers as well, which may result in higher profits over time.

[Kn]Lowering prices
[An]Vertically integrated companies can offer their products at a much lower price than companies that pay each organization in their supply chain for their work.
[An+] Lower prices often increase demand, leading to better brand recognition among consumers and higher profits

[Salman Khalid]

KN: Quality Contro
AN: Vertical integration allows a company to maintain strict quality standards at each stage of production
AN+: This can lead to higher-quality products and better customer satisfaction
KN: Reduced Dependency
AN: owning critical inputs or distribution channels, a company can reduce dependency on external partners
AN+: making it more self-reliant

2nd analysis point isnt giving a clear direction

[Salman Khalid]

(KN) Cost Reduction and Efficiency Improvement
(AN) Vertical integration can lead to cost reduction and efficiency improvement by eliminating markups and reducing transaction costs associated with dealing with external suppliers or distributors.
(AN+) By internalizing certain functions, the business can optimize operations and potentially pass on cost savings to customers.

(KN) Control over the Supply Chain
(AN) Vertical integration allows a business to have greater control over its supply chain. This includes the production process, raw material procurement, and quality assurance.
(AN+) By owning key components of the supply chain, the business can ensure consistent quality, reduce dependency on external suppliers, and potentially lower costs.

Lovely movement of Ctrl C and Ctrl V (answer is completely copied from someone else)