Meaning of “vertical integration” in the English Dictionary

"vertical integration" in British English

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(Definition of “vertical integration” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"vertical integration" in Business English

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vertical integrationnoun [ U ]

uk us also vertical amalgamation, also vertical combination ECONOMICS, MANAGEMENT

also vertical merger a situation where a company buys companies that are its suppliers and customers, taking over more stages of an industrial or commercial process:

Mobile phone companies are becoming more powerful through vertical integration.

the degree to which a company carries out the different stages in an industrial or commercial process, rather than depending on outside suppliers and customers:

(Definition of “vertical integration” from the Cambridge Business English Dictionary © Cambridge University Press)