industrial integration

views updated Jun 11 2018

industrial integration The tendency to link formerly separate firms, enterprises, or production processes, in order to reap economies of scale or finance. Integration may be vertical, combining separate stages in the manufacture of a finished good or provision of a service; or horizontal, combining ownership and control of activities within separate markets.

integration, industrial

views updated May 11 2018

integration, industrial See INDUSTRIAL INTEGRATION.

More From encyclopedia.com