Horizontal Integration (Noun)
Meaning
Absorption into a single firm of several firms involved in the same level of production and sharing resources at that level.
Classification
Nouns denoting acts or actions.
Examples
- The company achieved horizontal integration by acquiring several smaller competitors in the market.
- Through horizontal integration, the corporation was able to reduce costs by sharing manufacturing facilities.
- The firm's strategy involved achieving horizontal integration by merging with other companies that produced similar products.
- Horizontal integration was the driving force behind the company's decision to acquire several of its competitors.
- The successful completion of the merger achieved horizontal integration by bringing all stages of production under a single entity.