horizontal+consolidation



Horizontal Consolidation: Horizontal consolidation is when a business owns all aspects that involve making their product. This is both good and bad. It is good because if you are the owner wants something they do not have to wait for it. It is bad because it is a lot of things to control with just one person. Rockefeller, as an example, used horizontal consolidation in his standard oil company which had great business.

information provided by: America's pathway to the prestent pg. 241 http://en.wikipedia.org/wiki/Horizontal_integration upload.wikimedia.org/.../ en/5/50/OILSTOCK.JPG