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vertical integration |
Also found in: Financial, Wikipedia | 0.03 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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Started as a maker of TVs and transistor radios in 1969, Samsung expanded into a vertically integrated company making everything from semiconductors to finished branded products. We are a vertically integrated company which consists of highly motivated real estate professionals with expertise and experience in the areas of management, marketing, leasing, engineering, renovation and development, financial analysis, acquisitions, dispositions, debt placement, and refinancing. We are a vertically integrated company," said founder Brenda French, a British native who has spent most of her adult life in the American rag trade and launched French Rags in 1978. |
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