The vertical stage of production refers to the different steps a product goes through from its inception to its final form. This can include everything from the sourcing of raw materials, to manufacturing, to distribution and retail. Each stage adds value to the product, and companies can choose to participate in one or more of these stages. For example, a company might choose to focus on manufacturing, leaving the sourcing of raw materials and distribution to other companies. This is a strategic decision that can impact a company's profitability and competitive positioning.
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