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Definition of Vertical integration

Babylon English

merger of companies that have a similar range of activity in marketing and production in order to gain more control in that range
Vertical integration Definition from Language, Idioms & Slang Dictionaries & Glossaries
hEnglish - advanced version

vertical integration
n : absorption into a single firm of several firms involved in all aspects of a product's manufacture from raw materials to distribution [syn: vertical combination]



WordNet 2.0

Noun
1. absorption into a single firm of several firms involved in all aspects of a product's manufacture from raw materials to distribution
(synonym) vertical combination
(hypernym) consolidation, integration
Vertical integration Definition from Business & Finance Dictionaries & Glossaries
MONASH Marketing Dictionary
a strategy for growth in which a company adds new facilities to existing manufacturing or distribution facilities; vertical integration can be either forward or backward. Also called Vertical Diversification. See Backward Integration; Forward Integration. See also Horizontal Integration.
2004 (c) Copyright & Reprint Courtesy of the Dept. of Marketing, Faculty of Business and Economics, Monash University; edited by Mr. Don Bradmore.
Glossary of petroleum Industry
Refers to the condition in which a company produces raw material, transports it, refines or processes it, and markets the product all as one integrated operation. Specifically, an oil company is said to be vertically integrated when it finds and produces oil and gas; transports it in its own pipelines; refines it; and markets its products under its brand name, According to the critics of the industry, this is not in the country's best interest. See Horizontal Integration.
Vertical integration Definition from Science & Technology Dictionaries & Glossaries
EIA Energy Glossary
The combination within a firm or business enterprise of one or more stages of production or distribution. In the electric industry, it refers to the historical arrangement whereby a utility owns its own generating plants, transmission system, and distribution lines to provide all aspects of electric service.
Source: Energy Information Administration, 2006
Energy Glossary
An arrangement whereby the same company owns all the different aspects of making, selling, and delivering a product or service. In the electric industry, it refers to the historically common arrangement whereby a utility would own its own generating plants,transmission system, and distribution lines to provide all aspects of electric service.
Fishery Glossary
A fishery (or industry) is vertically integrated when firms in the fishery engage in multiple levels of the supply chain. For example, a firm that operates and manages fishing vessels, processing plants, and a wholesale distribution operation is considered vertically integrated. OECD (1996)
FAO
Vertical integration Definition from Encyclopedia Dictionaries & Glossaries
Wikipedia English - The Free Encyclopedia
In microeconomics and management, the term vertical integration describes a style of growth and management control. Vertically integrated companies in a supply chain are united through a common owner. 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 is contrasted with horizontal integration. 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).

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