Business Terms and Jargon Explained

What is Vertical integration

This is where businesses merge together or are taken over by a business in the same part of a production cycle or industry. I.e. When a milk farm takes over a business in the distribution of milk or visa versa were a distributor of milk purchases a milk farm.

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Ad Valorem Nominal wage flexibility Social justice
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Term created / updated 2008-08-21 14:47:33

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