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Definition of Vertical integration
1. Noun. Absorption into a single firm of several firms involved in all aspects of a product's manufacture from raw materials to distribution.
Exact synonyms: Vertical Combination
Generic synonyms: Consolidation, Integration
Derivative terms: Vertical
Generic synonyms: Consolidation, Integration
Derivative terms: Vertical
Definition of Vertical integration
1. Noun. (economics) The integrating of successive stages in the production and marketing process under the ownership or control of a single management organization. ¹
¹ Source: wiktionary.com