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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

vertical integration  

Definition 1.

The process in which several steps in the production and/or distribution of a product or service are controlled by a single company or entity, in order to increase that company's or entity's power in the marketplace.
 

Definition 2.

When a company expands its business into areas that are at different points of the same production path.
 
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