单词 | backward integration |
释义 | backward integrationDefinition Type of vertical integration in which a consumer of raw materials acquires its suppliers, or sets up its own facilities to ensure a more reliable or cost-effective supply of inputs. Use 'backward integration' in a SentenceThere was backward integration in the region as the beneficiary of our product for so many years decided to source it in house. There are times where it may be best to use backward integration to come up with new ways to improve profits. To ensure a more steady supply of inputs, we implemented something called backward integration that would help us out quite a bit. |
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