WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
SECOND INDUSTRIAL REVOLUTION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Economic system in which the government does not intervene in business practices
|
|
|
A business practice in which a single manufacturer controls all of the steps used to change raw materials into finished products
|
|
|
A business practice in which a company takes over all of its competitors
|
|
|
Theory that claims the best people in society are the ones who rise to the top
|
Detailed explanation-1: -Horizontal integration is a growth strategy that many companies use to boost their position within their industries and to get an edge on their competition. They do this by taking over another company that operates at the same level of the value chain.
Detailed explanation-2: -Horizontal integration is a business strategy in which one company grows its operations at the same level in an industry. Horizontal integrations help companies grow in size and revenue, expand into new markets, diversify product offerings, and reduce competition.
Detailed explanation-3: -Rather than rely on their own efforts, some firms try to expand their presence in an industry by acquiring or merging with one of their rivals. This strategic move is known as horizontal integration. An acquisition takes place when one company purchases another company.
Detailed explanation-4: -Facebook and Instagram. One of the most definitive examples of horizontal integration was the acquisition of Instagram by Facebook (now Meta) in 2012 for a reported $1 billion. 1 Both companies operated in the same industry (social media) and shared similar production stages in their photo-sharing services.
Detailed explanation-5: -Here are several examples of horizontal integration: Two manufacturers of electric engines merge. One entity produces engines for cars, while the other entity produces engines for trucks. Two manufacturers of retail homes merge.