Big Business Terms

The business expands its operations by acquiring or merging with other companies at the same stage of the supply chain. 

• Horizontal Integration

• Vertical Integration

The company owns and controls its supply chain, from raw materials to finished products. 

• Horizontal Integration

• Vertical Integration

The main benefit is gaining greater control over the supply chain, ensuring consistent quality, and reducing costs. 

• Horizontal Integration

• Vertical Integration

The approach focuses on increasing market power, reducing competition, and diversifying products and services. 

• Horizontal Integration

• Vertical Integration

The acquisition of Instagram by Facebook (now Meta) in 2012 is an example of ___________, because both companies operated in the same industry (social media).

• Vertical Integration

• Horizontal Integration

The 1998 merger of two major oil companies, Exxon and Mobil is an example of a ____________________>

• Vertical Integration

• Horizontal Integration

_______________________________ in American history are large companies that controlled an industry or a sector, giving them the ability to control the prices of the goods and services they provided.

• Vertical Integrations

• Monopolies

• Stocks

A _________________________ occurs when one company or group of companies (trust) completely controls an entire industry.

• Vertical Integrations

• Monopoly

• Stocks

• A business _______________________ is an arrangement under which major producers in a particular industry would agree to control production and prices to their mutual benefit, or combine competing companies into one massive company.

• Vertical Integrations

• Monopoly

• Stocks

• Trust

A _______________ is a piece of ownership in a company.

• gold ticket

• stock

• gilded coin

• trust