Ford purchased mines and smelting operations to better control the source and supply of material to produce cars. In this way, he was able to reduce his standing inventory and increase turnover
vertical integration
Horizontal Integration : When a company decides to expand horizontally i.e within its current line of business then it is called horizontal integration. For eg. pepsi when it got into snacks it can be called a horizontal integration.Vertical integration: When a firm covers all activity of supply chain then it can be called as vertically integrated. Eg. if a paper manufacturing industry goes into plantation of woods and other activities involved with production raw material (wood) it can be called a vertical integration.
Horizontal Integration : When a company decides to expand horizontally i.e within its current line of business then it is called horizontal integration. For eg. pepsi when it got into snacks it can be called a horizontal integration.Vertical integration: When a firm covers all activity of supply chain then it can be called as vertically integrated. Eg. if a paper manufacturing industry goes into plantation of woods and other activities involved with production raw material (wood) it can be called a vertical integration.
Horizontal integration is when a company expands its business by acquiring or merging with a competitor that operates in the same industry. Vertical integration, on the other hand, involves a company expanding its business by acquiring or merging with a company in a different stage of the supply chain (either upstream or downstream).
That's called Vertical Integration.
Integration. Or accommodation.
Convection
The term integration refers to the ability to bring several unlike processes together to form a single useful process. There is no term that is called "integration."
Andrew Carnegie was important because he was a major head of a monopoly or trust in the early 1900's. He created U.S. Steel, which he later sold to J.P. Morgan. He used a method called vertical integration to elimanate his competition. Vertical integration is when you get rid of the middle man, so all parts of the process of making steel were done by his company. This industry was revolutionized by the Bessemer Process by which making steel was possible. After selling his business and retiring, Carnagie became a major philanthropist, donating millions of his dollars to charities and the arts. U.S. Steel became the first billion dollar industry in America.
Auditory integration training is also called AIT
Vertical poems are called acrostic poetry.
The flag of France is called the "Le Tricolor", adopted in 1790 it features three vertical bands colored royal blue, white and red (in that order from the flagpole).