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_______ occurred when financiers bought up several producers of the same product, giving the new owners a large share of the total production of goods, enabling them to set market prices, while _________ took that process further by uniting the producers of product inputs with the product manufacturer in a single corporate structure.
Horizontal integration occurred when financiers bought up several producers of the same product, giving the new owners a large share of the total production of goods, enabling them to set market prices, while vertical integration took that process further by uniting the producers of product inputs with the product manufacturer in a single corporate structure.
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Asked 12/11/2017 12:39:57 PM
Updated 12/12/2017 6:53:46 AM
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Horizontal integration occurred when financiers bought up several producers of the same product, giving the new owners a large share of the total production of goods, enabling them to set market prices, while vertical integration took that process further by uniting the producers of product inputs with the product manufacturer in a single corporate structure.
Added 12/12/2017 6:53:46 AM
This answer has been confirmed as correct and helpful.
Confirmed by Janet17 [12/12/2017 6:57:28 AM]
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