vertical integration
Definition
Merger of firms at different stages of production and/or distribution in the same industry. When a firm acquires its input supplier it is called backward integration, when it acquires firms in its output distribution chain it is called forward integration. For example, a vertically integrated oil firm may end up owning oilfields, refineries, tankers, trucks, and gas (petrol) filling stations. Also called vertical merger. See also horizontal integration.
vertical integration is in the Data Management, Communications, & Networks, Economics, Politics, & Society and Entrepreneurship, Management, & Leadership subjects.
vertical integration appears in the definitions of the following terms: vertical merger, backward integration, merger, diversification, forward integration and horizontal integration
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