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Vertical Integration

It was pioneered by tycoon Andrew Carnegie. It is when you combine into one organization all phases of manufacturing from mining to marketing. This makes supplies more reliable and improved efficiency. It controlled the quality of the product at all stages of production.

Subject: 
US History [1]
Vocabulary: 
Chapter 25 - Industry Comes of Age [2]

Source URL:https://course-notes.org/glossary/term/vertical_integration#comment-0

Links
[1] https://course-notes.org/subject/us_history [2] https://course-notes.org/vocabulary/chapter_25_industry_comes_of_age