A business may join with another business:
-At the same stage of production (e.g. one bakery with another)-this is horizontal integration.
-At a previous stage of production (e.g. a bakery with a flour mill or wheat grower)-this is backward vertical integration.
-At a later stage of production (e.g. a bakery with a brad shop)- this is forward vertical integration.
-In a similar but not directly rlated market but one has some link with the product (e.g. a bakery with a bicycle manufacturer)- this is conglomerate integration or diversification.
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