Final answer:
No, the industry value chain is not referred to as the horizontal value chain. The industry value chain includes all the stages from raw materials sourcing to customer service, while the horizontal value chain refers to the collaboration between companies in the same stage of the value chain.
Step-by-step explanation:
No, the industry value chain is not referred to as the horizontal value chain. The industry value chain refers to the complete set of activities involved in the production of goods and services within a specific industry. It includes all the stages from raw materials sourcing to product design, production, distribution, and customer service.
The horizontal value chain, on the other hand, refers to the coordination and collaboration between different companies or entities that are involved in the same stage of the value chain. For example, companies involved in manufacturing automobile dashboards would collaborate to ensure the smooth flow of materials, information, and processes in that specific stage of the value chain.