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the integration within one company of individual businesses working separately in related phases of the production and sale of a product.
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Another explanation for the growth in multinationalism is
solved the problem of imperfect information.
ensures supply and quality, but leads companies into non-core areas better done by others.
The need to protect relationship-specific investments created incentives for contracts and
is the extension of a business to different stages of production or distribution.
involving packers is expected.
may help on both counts, as discussed presently.
These systems were expected to be the product of concerted efforts at
The focus on generation has precluded thoughtful consideration of the useful role played by
These traditional industries are also characterized by a high degree of
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