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vertical integration |
Also found in: Financial, Wikipedia | 0.04 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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Autos: General Motors, using the hierarchical vertically-integrated method, takes $5 billion and five years to design a new car, whereas network-integrated competitors, such as Chrysler and Toyota, can design a car for a third of the cost, and in less than half the time. NASDAQ:OSIS), a vertically-integrated provider of specialized electronic products for critical applications in the security and healthcare industries, announced today it will be presenting at 3:30 p. NASDAQ:OSIS), a vertically-integrated provider of specialized electronic products for critical applications in the security and healthcare industries, announced today it will be presenting at 12:00 p. |
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