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Definition of 'Vertical Integration'
When a company expands its business into areas that are at different points of the same production path.
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Investopedia explains 'Vertical Integration'
A car company that expands into tire manufacturing would be an example of vertical integration. A company such as this is often referred to as vertically integrated.
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We all know names like Rockefeller, but there are other influential pioneers of finance in America's history.
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