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horizontal intergration- buying out or driving out competitors. ex. Rockefeller, Standard Oil vertical intergration- controlling all steps in a proccess of making something raw a finished product. ex. Carnegie Steel
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∙ 15y ago
Horizontal integration can help a company by expanding its market share and reducing competition by acquiring similar businesses. Vertical integration can help by gaining better control over the supply chain, increasing efficiency, and potentially reducing costs. Both strategies can lead to increased profits and a stronger competitive position in the market.
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What is the definintion for out soursing?
Outsourcing is the practice of contracting certain tasks or services to an external third-party provider, usually to reduce costs or improve efficiency. This allows businesses to focus on their core competencies and leverage specialized expertise from outside the company.
How do you use assembly in sentence?
Assembly refers to a group of people gathered together for a specific purpose, such as a meeting or event. For example, "The company's annual assembly highlighted their achievements over the past year."
How bribes are entered in the book of accounts?
Bribes are illegal and should not be entered into the book of accounts. If bribes are received, they should be reported to the appropriate authorities. Engaging in bribery can lead to legal consequences and damage a company's reputation.
Who is the person in charge of affairs?
The person in charge of affairs can vary depending on the context. It could refer to a government official, a manager, a company CEO, or a leader in an organization who is responsible for decision-making and overseeing operations. Clarifying the specific context or organization would provide a more accurate answer.
How would you feel if you were in evactuated?
I would likely feel anxious, frightened, and uncertain about the situation and what the future holds. It would be a challenging and stressful experience to go through.
How did entrepreneurs benefit from vertical integration and horizontal integration?
it made it so that everyone would have a equal change to get money.
What is vertical integration and how did Rockefeller and carnegie use it to their advantage?
Vertical integration is the merging of companies at different stages of production that aide in making one product. For example, if you wanted to use vertical integration to make a bottle of side, you would buy the company that made the glass for the bottles, the company that makes the bottle caps, the company that makes the labels ect. Carnegie and Rockefeller used this with their respective companies which were steel production and oil
What are the advantages and disadvantages of backwards vertical integration?
An advantage of backwards vertical integration would be that the profit of the supplier is absorbed by the expanded business.
What is an example for vertical integration would be?
Vertical intergration is where a company moves down the chain of distribution for example Thomas Cook is a tour operator and then it became a travel agents as well
What is the meaning of the phrase vertical integration?
Vertical Integration is a firm from business that deals with buying a supplier or a buyer of a firms products. For example if a firm with an oil refinery bought an oilfield, it would be upstream vertical integration - they bought a supplier. If that same firm bought a gas station it would be downstream vertical integration. Buying an unrelated firm is diversification.
How did horizontal and vertical integration lead to larger companies?
Verticle and horizontal integration basically just gave companies more control over more parts of their product. For example, instead of only owning the plant that say produced cars, the company would also own the mines where they got the metal to make the cars and they would own everything from the raw materials to the final product. It could also edge out competition leading to a powerful monopoly.
What is backward integration in steel industry?
refers to vertical integration, that is, a company takes over certain stages upstream (Backward) or downstream(Forward) from its position in the supply chain. A steel manufacturing company that wants to integrate backwards would therefore buy the ore mine. refers to vertical integration, that is, a company takes over certain stages upstream (Backward) or downstream(Forward) from its position in the supply chain. A steel manufacturing company that wants to integrate backwards would therefore buy the ore mine.
If you wanted to make a line graph to graph the motion of an object what would you put what on the horizontal axis and what would you put on the vertical axis?
You put time on the horizontal axis and distance on the vertical axis.
A monopoly employing vertical integration means what?
That would mean that they had acquired their suppliers.
What is the analogy for latitude horizontal and longitude?
diaginald
What French company has two bars?
Citroën's logo has 2 chevrons, depending on what you call "bars" (vertical, horizontal, diagonal?) More context would help.
Is Dick's Sporting Goods horizontally integrated?
I would say no. Horizontal integration in marketing is a tactic where one company expands into new markets by purchasing other companies and taking over their territories. As far as I know, Dick's expands by either buying or leasing space and opening stores in it--which is traditional expansion, not horizontal integration.
