USA HISTORY

Detailed explanation-1: -Horizontal integration is the strategy of acquiring other companies that reside along a similar area of the supply chain. For example, a manufacturer may acquiring a competing manufacturing firm to better enhance its process, labor force, and equipment.

Detailed explanation-2: -Horizontal integration is a type of merger where competitors operating in the same market combine their operations to benefit from economies of scale. If two companies that offer virtually identical or similar goods or services decide to undergo a merger, the transaction is considered to be horizontal integration.

Detailed explanation-3: -Horizontal integration is the merger of two or more companies that occupy similar levels in the production supply chain. However, they may be in the same or different industries.

Detailed explanation-4: -Horizontal integration is an expansion strategy adopted by a company that involves the acquisition of another company in the same business line. 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.

Detailed explanation-5: -Horizontal merger: When companies that sell similar products merge together. Vertical merger: Occurs between companies at different stages in the production process (between companies where one buys or sells something from or to the company).