Backward integration strengthens a company's supply chain by acquiring suppliers. Learn its benefits, challenges, and examples for efficient business growth.

When businesses give autonomy and power to each of their divisions and departments, the result is differentiation, in which each section develops its own cultures and methods. When a company brings ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Vertical integration is the degree to which a firm owns its upstream suppliers and its downstream buyers with the goal of increasing the company's power in the marketplace. There are three varieties ...

A vertically integrated business refers to a business that has expanded into different steps along production, manufacturing, and supply. In other words, a vertically integrated business controls some ...