| 单词 | integration |
| 释义 | integration The combination of two or more companies under the same control for their mutual benefit, by reducing competition, saving costs by reducing overheads, capturing a larger market share, pooling resources, cooperating on research and development, enhancing competitive advantage, etc. In horizontal (or lateral) integration the businesses carry out the same stage in the value chain or produce similar products or services; they are therefore competitors. In a monopoly, horizontal integration is complete, while in an oligopoly there is considerable horizontal integration. In vertical integration a company obtains control of its suppliers (sometimes called backward integration) or of the concerns that buy its products or services (forward integration). Conglomerate integration takes place between firms in different value chains. |
| 随便看 |
|
英汉经管词典收录了5297条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。