A bicycle manufacturer, 'CycleCorp,' decides to bring all of its production in-house. It stops buying components like gears, chains, and tires from specialized external suppliers and instead invests heavily in building its own factories to produce every single part of the bicycle. The CEO argues this will give them ultimate control over quality. A rival company, 'VeloGlobal,' continues to source these components from various specialized global manufacturers who are known for their efficiency and innovation, focusing its own efforts on frame design and final assembly. Based on the principle that market competition ultimately determines a firm's efficient boundaries, critically evaluate the long-term viability of CycleCorp's strategy. Justify your conclusion by explaining how the market would likely respond to this approach.