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Vertically-integrated
In microeconomics, management and international political economy, vertical integration is a term that describes the 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 (business), product or (market-specific) service, and the products combine to satisfy a common need. It contrasts with horizontal integration, wherein a company produces several items that are related to one another. Vertical integration has also described management styles that bring large portions of the supply chain not only under a common ownership but also into one corporation (as in the 1920s when the Ford River Rouge Complex began making much of its own steel rather than buying it from suppliers). Vertical integration and expansion is desired because it secures supplies needed by the firm to produce its product and the market needed to sell the product. Vertical integration and expansion can become ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Integration In English
Integration may refer to: Biology *Multisensory integration *Path integration * Pre-integration complex, viral genetic material used to insert a viral genome into a host genome *DNA integration, by means of site-specific recombinase technology, performed by a specific class of recombinase enzymes ("integrases") Economics and law *Economic integration, trade unification between different states *Horizontal integration and vertical integration, in microeconomics and strategic management, styles of ownership and control *Regional integration, in which states cooperate through regional institutions and rules *Integration clause, a declaration that a contract is the final and complete understanding of the parties *A step in the process of Money laundering#Methods, money laundering *Integrated farming, a farm management system *Integration (tax), a feature of corporate and personal income tax in some countries Engineering *Data integration *Digital integration *Enterprise integrat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
