USA HISTORY

Detailed explanation-1: -Horizontal integration occurs when a business grows by purchasing related businesses-namely, its competitors. Vertical integration, on the other hand, occurs when a business takes control of one or more stages in production or distribution, thereby owning all of the parts of the industrial process.

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: -The process is also known as lateral integration and is the opposite of vertical integration whereby companies that are at different stages in the production supply chain merge.

Detailed explanation-4: -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.

Detailed explanation-5: -Horizontal and Vertical Integration 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.