horizontal integration definition

horizontal integration

Merger of firms at the same stage of production—in the same or different industries. When the products of both firms are similar, it is a merger of competitors. When all producers of a good or service in a market merge, it is the creation of a monopoly. If only a few competitors remain, it is termed an oligopoly. Also called lateral integration. See also vertical integration.

horizontal integration is in the Banking, Commerce & Finance, Decision Making, Problem Solving, & Strategy and Economics, Politics, & Society subjects.

horizontal integration appears in the definitions of the following terms: merger, vertical integration and lateral integration

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