Business terms and jargon explained. Your business dictionary
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.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.