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Vertical integration a business strategy used by steel mogul Andrew carnegie involves?
Wiki User
∙ 14y ago
Vertical integration involves controlling the product at ALL stages of development. Andrew Carnegie, owned the ore mines, furnaces and mills, the shipping lines to transport the steel, and the railroads that took it to market.
Wiki User
∙ 14y ago
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Is Process specialization involves the same concepts as vertical integration?
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What is involved in technology integration?
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What is Auditory integration?
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Horizontal and vertical consolidation are ways in which businesses can try to expand. Vertical consolidation involves buying firms up or down the supply chain. For example - a firm might buy companies that provide it with the materials it needs to produce the goods. It is buying other companies that do not compete with it, but are part of making or selling the product it made originally.
Business Development?
Business development, on the other hand, involves the activities that are undertaken to improve and grow an existing business.
