management innovations such as horizontal and vertical integration allowed american businesses to remain…

management innovations such as horizontal and vertical integration allowed american businesses to remain competitive in the age of industrialization. contrast what differences do you see between horizontal and vertical integration?

management innovations such as horizontal and vertical integration allowed american businesses to remain competitive in the age of industrialization. contrast what differences do you see between horizontal and vertical integration?

Answer

Brief Explanations:

Horizontal integration involves acquiring competitors to eliminate competition and form a larger company, like Standard Oil's formation from rival firms. Vertical integration focuses on controlling the supply - chain by integrating businesses that provide raw materials, distribution, and retail to control prices and supply. Modern examples of horizontal integration include United Airlines, Hewlett Packard, Bank of America; for vertical integration, Amazon, Virgin Atlantic, Apple are examples.

Answer:

Horizontal integration is about eliminating competition by acquiring rivals to create a larger entity. Vertical integration is about controlling the supply - chain to manage prices and supply.