Vertical integration

 

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Vertical integration

Production of different stages of processing of a product within the same firm.



Similar Matches

Economies of vertical integration

Economies of vertical integration

Produced by achieving lower operating costs by owning all components of production and sometimes sales outlets rather than contracting for companies in the outside marketplace.


Backward integration

Backward integration

Acquisition by a firm of its suppliers.


Horizontal integration

Horizontal integration

Production of different varieties of the same product, or different products at the same level of processing, within a single firm. This may, but need not, take place in subsidiaries in different countries.


Shallow integration

Shallow integration

Reduction 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.


Integration

Integration

Economic 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.


Further Suggestions

Deep integration
Disintegration
Forward integration
Economic integration
Trade integration


 
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