Backward Vertical Integration
Barron's Business Dictionary:
Top
Backward Vertical Integration
Process by which a firm takes ownership or increased control of its supply systems. It serves to streamline the organization, to provide better cost controls, and to eliminate the middleman. Because of efficiency and lowered costs of production it is possible for the firm to become more competitive in the marketplace.
| Backup Withholding, Backup, Backslash | |
| Backward-Bending Supply Curve, Bad Debt, Bad Title |
Post a question - any question - to the WikiAnswers community:
Copyrights:
Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
Read more