Forward integration is when a business integrates with a firm it sells to.
Rosa Parks
you are what you eat
That's called Vertical Integration.
Market Development
Nineteenth-century steel tycoon Andrew Carnegie introduced the concept and use of vertical integration
vertical
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.
me
The idea of vertical integration was introduced by Andrew Carnegie.
A vertical mill is the same as an vertical integration mill. It is built vertical, not horizontal.
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.
A company may buy out it's supplier in a form of vertical integration.
Vertical integration is adding a process to your business, which follows your core business along the production chain. The production chain are the steps that need to be taken in order to move from 'inputs' to 'sales'. Example for vertical integration: Mobile phone providers like Vodafone added 'consumer sales' to their business, by opening stores. Their core business is delevering the service, not retailing.
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1989
An advantage of backwards vertical integration would be that the profit of the supplier is absorbed by the expanded business.