vertical integration

English

Noun

vertical integration (countable and uncountable, plural vertical integrations)

  1. (economics) The integrating of successive stages in the production and marketing process under the ownership or control of a single management organization.
    Antonym: horizontal integration
    • 2005, Robert M. Grant, chapter 13, in Contemporary strategy analysis, →ISBN, page 392:
      The prevailing wisdom today is that any benefits of vertical integration tend to be outweighed by the greater advantages of specializing in a narrow range of vertical activities.

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