Monopolies+(1-3)

a. Vertical Integration: A style of management control. Vertically integrated companies are joined through a hierarchy and share a common owner. Each member of the hierarchy produces a different product for the company. The future of vertical integrated companies is that they will become like a dictatorship and people in the business Companies: Carnegie Steel, American Apparel, Oil Industry

b. Horizontal Integration: strategic management, the term horizontal integration describes a type of ownership and control. It is a strategy used by a business or corporation that seeks to sell a type of product in many markets. Horizontal integration in marketing is much more common than horizontal integration in production. It is contrasted with vertical integration. Horizontal integration happens when a firm in the same industry and in the same stage of production is being or merged with another firm, which is in the same industry and in the same stage of production. In the future horizontal integration may be used in every industry so that there is only one owner in the company and that would make it easier to manage.

c. Mass Production and Buying in bulk: Buying in bulk can have its advantages such as: - Some items are available only in bulk - You can choose the quantity - Bulk prices are usually less than packaged prices - Less packaging - Less additives and preservatives when you make your own meals and mixes - More variety - Often-healthy alternatives not always otherwise available In the future it will be much more expensive to buy in bulk due to the rising fuel prices.

Group 3