Which of the following describes a corporate vertical marketing system?

A corporate vertical marketing system is characterized by a structure in which a single company owns multiple levels of the distribution channel, and as a result, it has complete control over the entire system. This means the parent company can unify the processes of manufacturing, distribution, and retail toward efficiency and alignment of objectives. This integrated approach allows for streamlined decision-making and consistent branding across all levels, ultimately benefiting the end consumer.

In contrast, independent firm collaborations would indicate a horizontal relationship among firms rather than a unified corporate structure, while long-term strategic partnerships are typically associated with alliances between separate entities that maintain their independence. Mutual benefit agreements also imply a level of collaboration without the control characteristic of a corporate system, as they focus more on working together while remaining separate entities.