2+Group+3+Monopolies


 * Vertical Integration**

This is a type of management style, convenient for large businesses. It is a kind of style which allows businesses to merge with one another. It is efficient and allows a large business to form up quickly, but maintain a strong foundation, which is normally lost when a company would expand at that rate. However, these merged companies do not produce the same goods or service, but instead, unite under one name. These companies also usually share a common owner. This idea was introduced by Andrew Carnegie, and when other business owner saw how well it worked, they followed his example and copied what he did. There are also three types of vertical integration, backwards, forwards, and balanced.


 * Horizontal Integration**

Horizontal Integration is a style of ownership and control. One would use this style if their company was trying to sell their product in a variety of different markets. However, this style is much more common in marketing than in production. This would often occur when a large corporation buys out a smaller business. they would merge if they were in the same stage of production, and they would be making the same product.


 * Mass Production and Buying in Bulk**