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- Dictionaryvertical integration
noun
- 1. the combination in one firm of two or more stages of production normally operated by separate firms.
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noun
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Business arrangement in which the supply chain of a company is owned by that company
In microeconomics, management and international political economy, vertical integration is an arrangement in which the supply chain of a company is integrated and owned by that company. Usually each member of the supply chain produces a different product or (market-specific) service, and the products combine to satisfy a common need. It contrasts with horizontal integration, wherein a company prod... Wikipedia