is a stage of vertical integration that occurs when a company transforms a product from one stage to the next so that it has more worth to the next company at the next stage in the chain.

Forward integration

Explanation:

The stage of vertical integration that occurs when a company transforms a product from one stage to the next so that it has more worth to the next company at the next stage in the chain is called the forward integration, a company transforms a product from one stage to the next so that it has more worth to the next company at the next stage in the chain by merging with business entities that were its customers while still maintaining control over its initial business. the major components of supply chain include raw materials, intermediate goods, manufacturing, marketing and sales, and after-sales service, Examples include iron mining companies that own "downstream" activities such as steel factories. The forward integration of this company will sustain profit of the company while minimizing loss of profits to the intermediate entities.

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