vertical integration
The process by which social institutions are adopted on a global scale is called globalization. It involves the integration of economies, cultures, and societies across the world through the exchange of ideas, goods, and services.
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.
That's called 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.
Integration. Or accommodation.
The vertical movement of air is called convection. This process involves the transfer of heat through the movement of air or fluid particles.
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."
Vertical grooves are called "striations."
The vertical movement of water through ground layers is called infiltration. This process involves water soaking into the soil and moving downwards through the layers of earth.
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.