Vertical integration
Vertical integration
Glossary of business
Definition of vertical integration
Vertical integration is where firms at different stages of the production chain merge together. It may be either vertical forward integration where a firm merges with another further up the chain (e.g. a brewery taking over a chain of pubs) or vertical backward integration where a firm merges with one further down the production chain (e.g. a brewery taking over a hop farm).
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Terminology about business
Job world
Definition and meaning of vertical integration
Meaning of vertical integration
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