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单词 horizontal integration
释义 horizontal integration

Combining two or more enterprises at the same stage of production. This may allow cost savings, if there are economies of scale in any of the processes involved, or if it is possible to eliminate duplication of effort, for example in raising finance or in research and development (R&D). Horizontal integration is contrasted with vertical integration, where enterprises at successive stages of production are combined.

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更新时间:2024/11/13 14:42:08