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"above statement describes how a company's control over several or all of the production and/or distribution steps involved in the creation of its product or service,"

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Is sky horizontal integration and vertical integration?

vertical


Define backward and forward integration?

backward integration is a form of vertical integration in which firm's control of its inputs or supplies. forward integration is a form of vertical integration in which firm's control of its distribution.


Who created the vertical integration?

me


Who Developed vertical integration for his steel company?

The idea of vertical integration was introduced by Andrew Carnegie.


What is a vertical mill?

A vertical mill is the same as an vertical integration mill. It is built vertical, not horizontal.


What is the difference between virtual integration and vertical integration?

Virtual Integration is to have control on the departments or businesses in the chain without owning them.where, Vertical Integration is like owning the departments or businesses in the chain.


Can you give me a sentence using the word vertical integration?

A company may buy out it's supplier in a form of vertical integration.


What is vertical integration and why is it helpful to corporations?

get the answer


When did vertical integration began?

1989


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 are horizontal and vertical intergration?

Vertical Integration is owning a section of a business and horizontal integration is owning all businesses in a certain field.


Discuss the best practices of vertical and horizontal integration in the organization?

The best practice of horizontal integration is when a company acquires the other company in the same business and on the same production level to form a monopoly. Vertical integration is where a company starts to produce different products that are related to each other under one ownership, .e.g. a restaurant having its own fish farm.