Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “backward integration”

backward integration

noun [U]
 
 
a situation in which a company controls the supply of goods and services it needs by buying the company that supplies them, or by going into the same business as that company: The advantages of backward integration include assurance of the pricing, quality, and availability of supplies.
(Definition of backward integration from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of backward integration?
Add Cambridge dictionaries to your browser to your website

Word of the Day

piglet

a baby pig

Word of the Day

I won’t tolerate it! Replacing formal words with phrasal verbs.

by Liz Walter,
April 01, 2015
When you are using a language, it is important to understand if a word is formal or informal, so that you can use it in an appropriate way. You might hear people saying dosh for money, or spud for potato, but they wouldn’t write those words in a formal essay. Similarly, a

Read More 

stackin’ p

March 30, 2015
idiom slang earning a lot of money ‘That’s a very generous present.”Yeah, well, she’s stackin’ p, innit?’

Read More