USA HISTORY

Detailed explanation-1: -Vertical integration is considered as a business strategy through which a firm is able to own or control its different key channels of vertical business operations such as distributors, retail locations, or suppliers in order to control its supply chain.

Detailed explanation-2: -Vertical integration is the business arrangement in which a company controls different stages along the supply chain. Instead of relying on external suppliers, the company strives to bring processes in-house to have better control over the production process.

Detailed explanation-3: -Since 2021, vertical integration has been at the center of the strategies of companies like Amazon, Apple, Ferrero, Tesla, and NVidia.

Detailed explanation-4: -Vertical integration strategies allow a firm to gain control over distributors and suppliers, whereas horizontal integration refers to gaining ownership and/or control over competitors. Vertical and horizontal actions by firms are broadly referred to as integration strategies.

Detailed explanation-5: -Vertical integration refers to an expansion strategy where one company takes control over one or more stages in the production or distribution of a product. Both of these strategies are undertaken by a company in order to consolidate its position among competitors.