WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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urbanization
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tenement
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horizontal integration
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vertical integration
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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 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-3: -There are two types of supply chain integration. Horizontal integration involves buying or cooperating with competitors. Vertical integration, on the other hand, involves acquiring or working closely with organizations above and below your business’s position in the supply chain.