|
|
Economies of vertical integration |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Economies of vertical integrationProduced by achieving lower operating costs by owning all components of production and sometimes sales outlets rather than contracting for companies in the outside marketplace.Economies of vertical integration Similar MatchesShallow integrationShallow integrationReduction or elimination of tariffs, quotas, and other barriers to trade in goods at the border, such as trade-limiting customs procedures. Contrasts with deep integration. Economic integrationEconomic integrationSee integration. Forward integrationForward integrationAcquisition by a firm of a larger part of its distribution chain, moving it closer to selling directly to its ultimate customers. IntegrationIntegrationEconomic integration refers to reducing barriers among countries to transactions and to movements of goods, capital, and labor, including harmonization of laws, regulations, and standards. Common forms include FTAs, customs unions, and common markets. Sometimes classified as shallow integration vs. deep integration. Trade integrationTrade integrationThe process of increasing a country's participation in world markets through trade, accomplsihed by trade liberalization. Further SuggestionsBackward integrationVertical integration Disintegration Horizontal integration Deep integration |
|
|
|