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vertical integration |
Also found in: Financial, Wikipedia | 0.02 sec. |
vertical integrationForm of business organization in which all stages of production of a good, from the acquisition of raw materials to the retailing of the final product, are controlled by one company. A current example is the oil industry, in which a single firm commonly owns the oil wells, refines the oil, and sells gasoline at roadside stations. In horizontal integration, by contrast, a company attempts to control a single stage of production or a single industry completely, which lets it take advantage of economies of scale but results in reduced competition. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Vertical expansion extends colleges' connections downward to high schools and upward to four-year colleges and universities. We are currently in the process of a gut rehabilitation, vertical expansion, and facade redesign of the structure. ]ade and glass ribbon window system on the two side and rear elevations, new HVAC system, new lobby, new restrooms, new elevators, and a new two-story vertical expansion featuring floor to ceiling glass on all four sides (Floors 9-10). |
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