USA HISTORY

Detailed explanation-1: -As a company engages in more activities along a single supply chain, it may result in a market monopoly. A monopoly that occurs due to vertical integration is also called a vertical monopoly.

Detailed explanation-2: -The stages relative to vertical integration are materials, suppliers, manufacturing, and distribution.

Detailed explanation-3: -Vertical integration is a corporate strategy that involves growth through streamlining operations. This occurs when one company acquires a producer, vendor, supplier, distributor, or other related company within the same industry.

Detailed explanation-4: -There are three varieties of vertical integration: backward (upstream) vertical integration, forward (downstream) vertical integration, and balanced (both upstream and downstream) vertical integration.

Detailed explanation-5: -vertical integration, form of business organization in which all stages of production of a good, from the acquisition of raw materials to the retailing of the final product, are controlled by one company.